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Noun. Opposite of careful management of available resources. Opposite of the state of a country or region in terms of the production and consumption of goods and services and the supply of money. Opposite of the ability to predict what will happen or be needed in the future. Opposite of a reduction of some sort in an existing program.
What is the opposite of Economy? Antonyms for Economy (opposite of Economy). Antonyms for Economy. 338 opposites of economy- words and phrases with opposite meaning.
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Synonyms for ECONOMY: saving, frugality, thrift, husbandry, providence, parsimony, scrimping, conservation; Antonyms of ECONOMY: wastefulness, extravagance ...
Find 63 different ways to say ECONOMY, along with antonyms, related words, and example sentences at Thesaurus.com.
- Capitalism
- Free Market
- Key Differences
- What Is Free Market Capitalism?
- Economies Examples
- The Bottom Line
Capitalismis an economic system that maintains that the production of goods and services should remain in the hands of private individuals and businesses, not governments. In order to be successful, these individuals will produce the goods and services needed by the public, at the prices that the public is willing to pay. The law of supply and dema...
Free market economies are defined by a lack of government intervention and regulation. Few or no rules and regulations apply to the production, sale, or purchase of goods and services. These decisions are made by business owners in response to supply and demandrather than government objectives. The term "free market capitalism" refers to an economy...
A free market system can exist only within a capitalist society. The ownership by individuals of the means of production is assumed. Their profit motive is seen as the most efficient means of regulating supply and demand and encouraging innovation. Free market theory goes a step further in emphasizing that government intervention and oversight harm...
"Free market capitalism" is a melding of the two terms. It implies a system that is not only capitalist but is free of government restraints that are imposed for the good of a commonwealth. Those restraints are seen as interfering with the exchange of goods and services between a seller and a buyer. Examples may include regulations, monetary polici...
No totally pure free market exists. It is a concept rather than a tangible reality. Most countries have a mixed economy or mixed economic system.
There are distinctions between capitalism and a free market system, at least in theory. Capitalism is an economic system that promotes the creation and ownership of capital and wealth. A free market system is a capitalist system that focuses on the unfettered exchange of goods and services, with little or no interference by government. But this is ...
- Steven Nickolas
Synonyms for ECONOMIC: profitable, lucrative, worthwhile, remunerative, beneficial, gainful, moneymaking, paying; Antonyms of ECONOMIC: unprofitable, unfavorable ...
Find 16 different ways to say ECONOMIC, along with antonyms, related words, and example sentences at Thesaurus.com.
