economy vs market economy
market economy vs economyeconomy and market economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| economy | Yes | No | No | No |
| market economy | Yes | No | No | No |
As nouns,
market economy is a hyponym of
economy; that is, market economy is a
word with a more specific, narrower meaning than
economy:
- economy: the system of production and distribution and consumption
- market economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Other hyponyms of economy include
industrialism, free enterprise, laissez-faire economy, private enterprise, mixed economy, non-market economy, state capitalism, state socialism.
| economy (noun) | market economy (noun) |
|---|---|
| an act of economizing; reduction in cost | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
| frugality in the expenditure of money or resources | |
| the efficient use of resources | |
| the system of production and distribution and consumption |
Words related to "economy"
- action
- black economy
- curtailment
- downsizing
- economic
- economic system
- economical
- economist
- economize
- economy of scale
- efficiency
- free enterprise
- frugality
- frugalness
- industrialism
- laissez-faire economy
- market economy
- mixed economy
- non-market economy
- private enterprise
- retrenchment
- saving
- scheme
- sector
- state capitalism
- state socialism
- system
- thriftiness
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