market economy vs economic system
economic system vs market economymarket economy and economic system both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| market economy | Yes | No | No | No |
| economic system | Yes | No | No | No |
As nouns,
economic system is a hypernym of
market economy; that is, economic system is a
word with a broader meaning than market economy:
- market economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
- economic system: the system of production and distribution and consumption
Other hypernyms of market economy include
economy.
| market economy (noun) | economic system (noun) |
|---|---|
| an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | the system of production and distribution and consumption |
Words related to "market economy"
© WordCmp.com 2024,
CC-BY 4.0 / CC-BY-SA 3.0.