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.
In a market economy, the way allocation of capital goods works, of course, is price signals. Katie Drummond, Wired News, 18 Nov. 2025 From their meeting emerged reflections on the major global issues of our time: climate change, corruption, populism, the crisis of capitalism, and the logic of the market economy, among many others. Literary Hub, 10 Nov. 2025 Currently, America has a market economy that is controlled by private individuals and corporations, which critics say has exacerbated wealth inequality by giving disproportionate power to business owners. Meredith Kile, PEOPLE, 4 Nov. 2025 Emerging market economies saw some buoyancy likely because trade was bolstered by a front-loading of orders by American companies. Kate Nishimura, Sourcing Journal, 24 Sep. 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 14 Dec. 2025.

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