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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Greenspan understood early that in a market economy—and especially one organizing around the capital demands of an internet revolution—the central banker’s words are a tool to match the federal funds rate. Eva Roytburg, Fortune, 23 June 2026 Wealth buys choice, leverage, and a cushion for the vagaries of a market economy. Teresa Ghilarducci, Forbes.com, 23 June 2026 Protection of property rights, so critical to a market economy, requires a critical mass of owners to sustain political support. Marty Steinberg, CNBC, 22 June 2026 The city's blueprint will help Hong Kong synchronize with and serve the national development plan while upholding a free-market economy, Tse said. ABC News, 15 June 2026 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 25 Jun. 2026.

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