market economy vs capitalist economy
capitalist economy vs market economymarket economy and capitalist economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| market economy | Yes | No | No | No |
| capitalist economy | Yes | No | No | No |
As nouns,
capitalist economy is a hyponym of
market economy; that is, capitalist economy is a
word with a more specific, narrower meaning than
market economy:
- market economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
- capitalist economy: an economic system based on private ownership of capital
Other hyponyms of market economy include
capitalism.
| market economy (noun) | capitalist economy (noun) |
|---|---|
| an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | an economic system based on private ownership of capital |
Words related to "market economy"
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