nonmarket
Speech parts
1. nonmarket - Noun
2. nonmarket - Adjective
Meaning
nonmarket (not comparable)
Not market-based; often specifically lacking the openness of a free market
nonmarket (plural nonmarkets)
That which is not a market.
Examples
There are many other organizations beside the government and the firm. But all of them, whether political party or revolutionary movement, university or church, share the common characteristics of the need for collective action and the allocation of resources through nonmarket methods.
In addition, a century or more of efforts to arrive at a feasible and politically acceptable mix of market and nonmarket elements has not produced a definitive, stable, or uniform solution.