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.

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 Instead, many of them seem to be passive or active conformists, seizing upon the opportunities that the still-present market economy or big enterprises provide for young careerists. —

Andrei Kolesnikov, Foreign Affairs, 15 Oct. 2024 Those making these gifts are spending down fortunes that a thriving market economy can deliver. —

Sally C. Pipes, The Mercury News, 6 Nov. 2024 Harris rarely talks about antitrust, or industrial policy, or trade, or the larger idea that the government should actively structure the market economy. —

Nicholas Lemann, The New Yorker, 28 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

See more words from the same year

Cite this Entry

Style

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 21 Dec. 2024.

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