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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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 The International Monetary Fund has a central role leading the international effort to support Ukrainian reform, lessening Ukraine’s economic vulnerabilities, and better integrating the country as a market economy in the multilateral system. Miriam Sapiro, Time, 15 Aug. 2025 Global refinery runs will rise by 670,000 bpd, to 83.6 million bpd, in 2025; and by a further 470,000 bpd, to 84 million bpd, in 2026, driven by better-than-expected data for market economies grouped in the Organisation for Economic Co-operation and Development and China, the agency said. Reuters, CNN Money, 13 Aug. 2025 Not surprisingly, the leading candidates in the polls are those offering a drastic shift toward a market economy and closer ties with the United States. Miami Herald, 6 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 Sep. 2025.

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