Question

Define market and non-market economy.

Answer 1

Answer:

n an economy that is not a market economy

Antonyms: free enterprise, laissez-faire economy, market economy, private enterprise. an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. Types: show 4 types... hide 4 types... managed economy.

Answer 2

non-market economy - an economy that is not a market economy. economic system, economy - the system of production and distribution and consumption. managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices.