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A market economy is an economy in which decisions regarding investment, production, and distribution are based on market determined supply and demand, and prices of goods and services are determined in a free price system. (Wikipedia)

Market socialism is a type of economic system involving the public, cooperative, or social ownership of the means of production in the framework of a market economy. (Wikipedia)

From their rise, other less powerful countries are taking an example, arguing that a market economy can co-exist with an authoritarian form of government. (BBC News)