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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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 Times were tough, and her family was struggling to make ends meet under the new market economy. Annie Daly, Vogue, 20 Aug. 2025 If that is the case, the economic effect will be to draw capital out of emerging market economies, enfeebling them (and their currencies and bond markets). Mike O'Sullivan, Forbes.com, 15 Aug. 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 10 Nov. 2025.

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