Posted: Wed May 18, 2005 9:50 am
[/u]A market economy is an economy in which most allocations of resources occur as a result of interactions between buyers and sellers of goods and services.
http://market-economy.wikiverse.org/ from Google.com
http://www.getbestinfo.com/investing2/g ... conomy.htm
1. The world has changed tremendously since I entered the workforce after receiving my degree just a few miles from here. In the past decade, the IT Revolution and the entrance of three billion people from countries like China, India, and Russia, and from Eastern Europe into the free market economy have dramatically accelerated the pace of change.
http://news.naver.com/news/read.php?mod ... enu_id=001
That means it was possible for anybody to get into the free market economy without interruption in the past.
2. The prime minister acts primarily as the country's chief officer, carrying out orders passed down by the Politburo. The president is involved in more ceremonial and diplomatic matters.
While maintaining its communist roots, Vietnam has been moving toward a market economy. It is pushing to join the World Trade Organization and is currently involved in bilateral negotiations with the United States that would help boost the communist country's plan to enter the global trade body.
http://www.usatoday.com/news/world/2005 ... m-us_x.htm
That means Vietnam (Socialist Republic of Vietnam) is planing to join the World Trade Organization by moving a market economy to help them become one of the like a union.