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.
This, despite the recent lifting of some international sanctions and efforts to allow a market economy to flourish. Alvaro Vargas Llosa, Oc Register, 26 Mar. 2026 Machado leads the opposition movement that seeks a transition to democracy and a market economy in Venezuela. Spencer Kimball, CNBC, 24 Mar. 2026 However, Summers warns that there is no reason to expect the Cuban population to possess the cultural norms and attitudes to make a smooth transition to a more open, free-market economy. John Scott Lewinski, The Washington Examiner, 13 Mar. 2026 After all, the 1989 Tiananmen Square massacre only scared away investors from China for a few years; opportunities to make money in Deng Xiaoping’s market economy soon lured them back. Andy Browne, semafor.com, 16 Feb. 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 3 Apr. 2026.

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