NON-MARKET ECONOMY

Pronunciation (US): (GB):

Meaning:

An economy that is not a market economy

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("non-market economy" is a kind of...):

economic system; economy (the system of production and distribution and consumption)

Hyponyms (each of the following is a kind of "non-market economy"):

managed economy (a non-market economy in which government intervention is important in allocating goods and resources and determining prices)

Antonym:

market economy (an economy that relies chiefly on market forces to allocate goods and resources and to determine prices)