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.
The politics and machinery of government numbers are vital to a modern democratic market economy. Teresa Ghilarducci, Forbes, 3 Jan. 2025 The emergence of a capitalist market economy put ever greater demand on quantification (the act of counting or measuring the quantity of something), calculation and bookkeeping skills. James Fox, Smithsonian Magazine, 19 Dec. 2024 Limits on monopolistic abuses, provision of basic work safety, measures to protect the disabled and survivors, ensure food safety and broaden education were not Socialist threats to market economies but rather reinforced and defended them. Edward Lotterman, Twin Cities, 15 Dec. 2024 Advisers, bankers, investors, and consultants descended on countries that were busy cementing market economies and opening to external trade and investment. Charles King, Foreign Affairs, 24 Oct. 2023 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

Dictionary Entries Near market economy

Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 15 Jan. 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!