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
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In the 1990s, the two countries sought economic integration and security cooperation, resulting in major progress in nuclear nonproliferation and the introduction of a market economy in Ukraine. Alexander Vindman, Foreign Affairs, 27 Mar. 2025 Though the National Socialists did not conquer the world, their Volkswagen concept – in the hands of a market economy and democratic government – eventually did. Lenora Chu, The Christian Science Monitor, 27 Jan. 2025 Payments rails and insurance coverage are themselves business prerequisites, core enablers of the market economy. Ruth Foxe Blader, Forbes, 25 Feb. 2025 Developed market economies like the U.S. are attractive destinations for investment, given the relative strength of their institutions and the scale and liquidity of their financial markets. Patrick J. Schena, The Conversation, 8 Feb. 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

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Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 15 Apr. 2025.

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