TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

MARKET-ORIENTED ECONOMY [1 record]

Record 1 2011-08-12

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • Market Structure (Trade)
DEF

An economic system in which decisions about the allocation of resources and production are made on the basis of prices generated by voluntary exchanges between producers, consumers, workers and owners of factors of production.

OBS

Decision making in such an economy is decentralized - i.e., decisions are made independently by groups and individuals in the economy rather than by central planners. Market economies usually also involve a system of private ownership of the means of production - i.e., they are capitalist economies. However, market economies can function to some extent under social ownership.

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Morphologie des marchés (Commerce)
DEF

Économie dans laquelle les agents économiques concentrent leur activité productive sur un nombre limité de biens ou de services et dans laquelle presque tous les biens et services sont directement accessibles, les prix de cession et les quantités échangées étant fixées librement par les acheteurs et les vendeurs.

Spanish

Campo(s) temático(s)
  • Doctrinas, políticas y sistemas económicos
  • Estructura del mercado (Comercio)
DEF

En sentido estricto, es el sistema económico en el cual, la asignación de recursos está determinada nada más por la oferta y la demanda aunque en la realidad existen limitaciones en todos los países a las libertades del mercado.

OBS

La economía de mercado, se contrapone normalmente a la centralizada, o a la de planificación.

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