But such a relative price system is feasible only in a market economy.

System liberals believe that Russia has, on the whole, built an acceptable market economy.

This economic system supports a capitalist free market economy subject to control by a democratic political system that is supported by the majority.

The best hope for most North Koreans is the subterranean market economy that fills the gaps in the state s planned economy and public distribution system.

Market socialism is a type of economic system where the means of production are either publicly owned or socially owned as cooperatives and operated in a market economy.

According to this view, the alternative not having an efficient market system operating in a relatively open global economy would be far worse.

Through 30 years of reform, China has successfully completed the institutional transition from a highly centralized planned economy to a dynamic market based system.

The market economy is unsurpassed as a system for creating wealth, but only social compensation ensures that this wealth is distributed in a just manner.

China undoubtedly needs to rebalance its economy and introduce more market discipline in its financial system. Demography will give a helping hand with the former challenge.

How, then, should today s Chinese economy be characterized? Some observers describe China s current economic system as state capitalism others (including China s rulers) call it market socialism.

Other than the burden of the low salaries throughout Bosnia and Herzegovina, the compensation system is also burdened by other payments unknown in a market economy.

The same may be said about the market economy.

Small and vulnerable economies should be provided greater market access in agriculture and non agricultural market access (NAMA) to enable them to participate meaningfully in the multilateral trading system to mitigate disadvantages caused by the geographical handicap and smallness of their market and economy.

Liberty has found its full expression in the market economy.

The market system does not guarantee this.

The second half of the twentieth century witnessed the victory of the market economy over the administered economy.

By contributing to the integration of the Middle East into the global system, Turkey s democracy and market economy are having a positive spillover on its southern neighbors, however modest.

The reformist option fully accepts the internationalization of today s market economy.

January 2006 will usher in the CARICOM Single Market and Economy.

We have liberalized our economy and have adopted free market policies.

It also offered basic understanding of economy, market, environment and technology.

An economy with neither bankruptcies nor a rule of law that applies equally to all is no market economy.

In recent years, there has been some experimentation with a market economy, diversifying from the former State backed system to more consumer based mechanisms, propelled by the food shortage crisis.

Indeed, the stock market is an important component of any modern economy.

In many ways Syria is going through the Egypt model of transformation from socialist economy to a free market economy.

We believe in a market economy, Lord Liverpool s reasoning went, but not when the prices a market economy produces lead to mass unemployment on the streets of London, Bristol, Liverpool, and Manchester.

To see this, consider what a market economy is all about. Some, including Pope Francis, would say that it is about greed a system in which everybody cares only about herself.

So, in 2006, a revised version of the law was enacted, marking an important milestone in China s efforts to build an effective legal system as it moves towards a market economy.

Real progress on the economy requires certainty on status combined with a healthy environment for investors and a functioning market economy.

A market economy must rest on the economic principle of profit and loss.

Merkel and the German social market economy are, in effect, at a crossroads.

In fact, the market economy can function only if the state does intervene.

It is already a market economy and it is certainly located in Europe.

In a competitive market system, people are said to be paid what they are worth so top CEOs add 263 times more value to the American economy than the workers they employ.

In addition, the system assists farmers to access market information.

China s excess capacity problem reveals a serious defect in its socialist market economy.

Misguided regulation or market failures that harm competition anywhere can burden the entire economy.

Public institutions were rapidly modernized, political democracy adopted, and a standard market economy created.

Despite close relations with the Soviet Union, Finland remained a Western European market economy.

Lazonick, William (2001). Public and corporate governance the institutional foundations of the market economy.

The caste system and labor laws prevent an efficient labor market.

First, a market economy was created, the rule of law established, and democratic institutions built.

NEW YORK A sure sign of a dysfunctional market economy is the persistence of unemployment.

A monopoly is poison for a market economy, because it increases prices and decreases volume.

Despite recent financial market turbulence, the underlying dynamic of the world economy remains essentially unchanged.