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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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 Almost 200 years ago, Alexis de Tocqueville spoke of the importance of social capital—the implicit community and neighborly trust that undergirds the fabric of American society and how respect for the rule of law rather than the law of rulers underlies our market economy and social harmony. Steven Tian, Fortune, 29 Oct. 2024 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 30 Dec. 2024.

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