Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Medical
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

market economy

noun

Simple Definition of market economy

  • : an economic system in which prices are based on competition among private businesses and not controlled by a government

Full Definition of market economy

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

1929

First Known Use of market economy

1929


Learn More about market economy


Seen and Heard

What made you want to look up market economy? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

February 8, 2016

to clear from accusation or blame

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

image1037863653

Which of the following refers to thin, bending ice, or to the act of running over such ice?

kittly-benders pince-nez duvet spindrift
Name That Thing

10 quick questions: hear them, spell them, and see how your skills compare to the crowd.

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ