market mechanism


Also found in: Wikipedia.

Market Mechanism

The use of the purchase and sale by some medium of exchange (money) to distribute goods and services throughout an economy. The market mechanism contrasts with other ways of distributing goods and services, including redistribution of wealth and bartering. While the market mechanism is associated with the free market, the two are separate concepts. For example, one can have a heavily regulated economy that still uses the market mechanism.

market mechanism

see PRICE SYSTEM.
References in periodicals archive ?
We made a decision about medium-term pricing policy last year and this was the first step to create competitive environment and to launch a market mechanism in energy sector," Sariyev said.
Both TAs were designed to assist low-carbon projects in DMCs benefit from a single regulated carbon market mechanism - the Clean Development Mechanism (CDM).
This was decided in the meeting held here Wednesday to review the market mechanism specially with reference to wheat, quality and prices of flour and impact of the subsidy of Rs 4.
He has proposed an adequate gas market mechanism in Turkey, combining spot and futures trading facilities, needed for itself and for convergence with the EU's spot market mechanism - more so if and when the ICE in London has developed natural gas futures trading as in New York.
The market mechanism developed and evolved over millennia from hunter-gatherer tribes through barter to voluntary and beneficial exchange of goods.
In both cases, the effectiveness of the market mechanism and competition principles must be interpreted as a given or granted.
That is why, he added, APTMA has never supported intervention to free market mechanism even in worst circumstances and opposed always a ban on cotton export.
The course provided the basics of the capital market mechanism and insurance and explained their economic significance in terms of availing the funding needs of the different economic projects.
The text allows for creation of new market mechanisms for carbon trading which could be built of the existing market mechanism under the Kyoto Protocol," said Chandra Bhushan, from the Centre of Science and Environment.
Chairman APTMA, Shahzad Ahmed, on Tuesday welcomed the decision of the Cabinet Committee on Textile that the free market mechanism has to be implemented in its true spirit to enable the whole chain of textile industry to stand on their feet in a competitive environment.
The government will regulate market mechanism through PT Krakatau Steel, PT Essar Indonesia, PT Gunung Garuda and PT Little Giant Steel.
Born out of a gathering in a church basement in Toronto in 1993, proactive citizens from a variety of sectors (forest industry, church, labour, consumer, and environmental groups) decided a market mechanism would be an effective way to gain back some control and create positive change.