market economy

noun

: an economy in which most goods and services are produced and distributed through free markets

Examples of market economy in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Francis thus did not have an optimistic view of the market economy. Alejandro Antonio Chafuen, Forbes.com, 15 May 2025 As a bonus, the market economy and normal levels of consumption will be preserved. Andrei Kolesnikov, Foreign Affairs, 9 May 2025 The rise of mass production and market economies bound happiness to economic growth. January Lavoy Krish Seenivasan Ted Blaisdell, New York Times, 3 May 2025 Marxists end up ardent proponents of market economies, anti-colonialists mutate into eager interventionists, and nativists fall in love with cosmopolitanism. Ilan Stavans, The Atlantic, 15 Apr. 2025 See All Example Sentences for market economy

Word History

First Known Use

1918, in the meaning defined above

Time Traveler
The first known use of market economy was in 1918

Browse Nearby Words

Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 6 Jun. 2025.

More from Merriam-Webster on market economy

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!