market economy

[jennifer78]

market economy:

A market economy is an economy in which most allocations of resources occur as a result of interactions between buyers and sellers of goods and services.

http://market-economy.wikiverse.org/ from Google.com
http://www.getbestinfo.com/investing2/g ... conomy.htm

1. The world has changed tremendously since I entered the workforce after receiving my degree just a few miles from here. In the past decade, the IT Revolution and the entrance of three billion people from countries like China, India, and Russia, and from Eastern Europe into the free market economy have dramatically accelerated the pace of change.

http://news.naver.com/news/read.php?mod ... enu_id=001

That means it was possible for anybody to get into the free market economy without interruption in the past.


2. The prime minister acts primarily as the country's chief officer, carrying out orders passed down by the Politburo. The president is involved in more ceremonial and diplomatic matters.

While maintaining its communist roots, Vietnam has been moving toward a market economy. It is pushing to join the World Trade Organization and is currently involved in bilateral negotiations with the United States that would help boost the communist country's plan to enter the global trade body.

http://www.usatoday.com/news/world/2005 ... m-us_x.htm

That means Vietnam (Socialist Republic of Vietnam) is planing to join the World Trade Organization by moving a market economy to help them become one of the like a union.

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[Kim young ju]

Although market economies are often identified with capitalism, it could be argued that the connection need not be very strong.

1.This sentence means that it regards market economies in the same light with capitalism.

2.A market economy is a term used to describe an economy where economic decisions, such as pricing of goods and services, are made in a decentralized manner by the economy's participants and manifested by trade. This can be seen as a "bottom-up" approach to organizing an economy (self-organization). It is meant to contrast to a planned economy, where economic decisions are made by a central agency, which can be equated to a "top-down" approach.

3.http://en.wikipedia.org/wiki/Market_economy
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[Kim young ju]

The key difference between market economies and planned economies lies not with the degree of government influence but with how that influence is used.

1.This sentence means that between market economies and planned economies is differnt from lies not with the degree of government influence but with how that influence.
2.market economy-An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
3.http://en.wikipedia.org/wiki/Market_economy

Most supporters of a market economy believe that government has a legitimate role in defining and enforcing the basic rules of the market.

1.This sentence means that they accept as true that government has a legitimate role in defining and enforcing the basic rules of the market.
2.http://en.wikipedia.org/wiki/Market_economy