capitalist economy vs market economy
market economy vs capitalist economycapitalist economy and market economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| capitalist economy | Yes | No | No | No |
| market economy | Yes | No | No | No |
As nouns,
market economy is a hypernym of
capitalist economy; that is, market economy is a
word with a broader meaning than capitalist economy:
- capitalist economy: an economic system based on private ownership of capital
- market economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Other hypernyms of capitalist economy include
free enterprise, laissez-faire economy, private enterprise.
| capitalist economy (noun) | market economy (noun) |
|---|---|
| an economic system based on private ownership of capital | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
Words related to "capitalist economy"
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