| NOUN | group | non-market economy | an economy that is not a market economy |
|---|
| Meaning | An economy that is not a market economy. | |
|---|---|---|
| Narrower | managed economy | A non-market economy in which government intervention is important in allocating goods and resources and determining prices |
| Broader | economy, economic system | The system of production and distribution and consumption |
| Opposite | market economy, free enterprise, private enterprise, laissez-faire economy | An economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
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