market economy


: 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 But those reserves are heavily concentrated in a relatively small group of economically stronger advanced and emerging market economies: just ten countries hold two-thirds of global reserves. Foreign Affairs, 22 Aug. 2023 Beijing’s rejection of Maoist economics and half turn toward a market economy under Deng Xiaoping was — and is — something to celebrate. Andrew Stuttaford, National Review, 27 Aug. 2023 Overstretching the concept of national security and politicizing economic, trade and investment issues runs counter to the principles of market economy and international trade rules, in addition to undercutting international confidence in the US market environment. Rachel Hatzipanagos, Washington Post, 21 Aug. 2023 Little businesses have to be given a chance to get their feet under them and to bring their ideas forward instead of just having a couple of corporate behemoths that dictate prices and dictate wages and that keep raking off the benefits of a market economy all to just a handful of insiders. How To Save A Country, The New Republic, 8 Dec. 2022 Deng concluded that China needed more of a market economy than the strictly hierarchical, top-down command economy established by Mao Zedong. Win McCormack, The New Republic, 10 Aug. 2023 How a few companies became so powerful The United States’ market economy requires competition to function properly, which is why U.S. antitrust policies were strictly enforced in the post-World War II era. The Conversation, Fortune, 22 Feb. 2023 But many emerging market economies are in worse shape because of rising debt bills and slumping demand for their exports. David J. Lynch, Washington Post, 6 Apr. 2023 In 1899, economist and socialist Thorstein Veblen’s Theory of the Leisure Class surmised that all consumptive acts in a market economy are intended to signal a particular status. Chloe Berger, Fortune, 14 June 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'market economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1918, in the meaning defined above

Time Traveler
The first known use of market economy was in 1918

Dictionary Entries Near market economy

Cite this Entry

“Market economy.” Dictionary, Merriam-Webster, Accessed 22 Sep. 2023.

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