Advantages: 1  the market produces a wide variety of goods and services to meet the consumer's wants. 2  the free market responds quickly to people's wants. 3  the market system encourages the use of new and better methods and machines to produce goods and services.
Wiktionary (0.00 / 0 votes) Rate this definition: souse (Noun). A corrupt form of sou. souse (Noun). A pickle made with salt. souse. Something kept or steeped in pickle; esp., the pickled ears, feet, etc., of swine. souse. The ear; especially, a hog's ear.
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