from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun An
economyin which goods and services are exchanged in a free market, as opposed to a state-controlled or socialisteconomy; a capitalisticeconomy.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
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