“market economy”的概念、定义、翻译、参考文献-科学参考

market economy

Geography

An economy, characteristic of capitalism, in which the major parts of production, distribution, and exchange are carried out by private individuals or companies rather than by the government, whose intervention is minimal. Market economies are characterized by specialized production, the freedom to exchange commodities between individuals, and the use of the market mechanism to determine prices. See Peck (2008) PHG 32, 1 for definitions of the market economy, and social market economy.

Economics

An economy in which a substantial proportion of goods are allocated by the use of markets. This is contrasted with a planned economy, in which most goods are allocated by a centralized decision-making authority. The advantage of a market economy is that prices determined by markets convey information about the relative demands for various goods and services and the relative costs of providing them. The prices also provide incentives to increase profitable and decrease unprofitable activities. In the absence of market failure the equilibrium of a market economy is Pareto efficient. In practice most economies are based on varying mixtures of markets and government planning.

单词	market economy
释义	market economy Geography An economy, characteristic of capitalism, in which the major parts of production, distribution, and exchange are carried out by private individuals or companies rather than by the government, whose intervention is minimal. Market economies are characterized by specialized production, the freedom to exchange commodities between individuals, and the use of the market mechanism to determine prices. See Peck (2008) PHG 32, 1 for definitions of the market economy, and social market economy. Economics An economy in which a substantial proportion of goods are allocated by the use of markets. This is contrasted with a planned economy, in which most goods are allocated by a centralized decision-making authority. The advantage of a market economy is that prices determined by markets convey information about the relative demands for various goods and services and the relative costs of providing them. The prices also provide incentives to increase profitable and decrease unprofitable activities. In the absence of market failure the equilibrium of a market economy is Pareto efficient. In practice most economies are based on varying mixtures of markets and government planning.
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