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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An economy-wide price gauge shows China has been suffering from deflation for three straight years, the longest such streak since its transition to a market economy in the late 1970s. Jason Ma, Fortune, 11 May 2026 For decades now, China has functioned on the premise that wealth and social stability emerge only from a market economy in which big, unseen forces—not to be questioned or defied by individuals—control everything important. Graeme Wood, The Atlantic, 24 Apr. 2026 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 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 14 May. 2026.

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