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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For the first time in history, nearly every country on the planet was deeply enmeshed in the same global market economy. Big Think, 14 Apr. 2026 His obsession was figuring out how to make life in a market economy less chaotic. Alex Mayyasi, NPR, 7 Apr. 2026 Its Ten-Point Plan calls for a secular democratic republic, a non-nuclear Iran, gender equality, separation of religion and state, a free-market economy, peaceful coexistence with the world, and recognition of the rights of Iran’s diverse nationalities within a unified country. Kazem Kazerounian, Hartford Courant, 1 Apr. 2026 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 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 23 Apr. 2026.

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