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.
The rise of mass production and market economies bound happiness to economic growth. January Lavoy Krish Seenivasan Ted Blaisdell, New York Times, 3 May 2025 Marxists end up ardent proponents of market economies, anti-colonialists mutate into eager interventionists, and nativists fall in love with cosmopolitanism. Ilan Stavans, The Atlantic, 15 Apr. 2025 All of this stuff is impeding the normal maturation of the market economy. Brian Domitrovic, Forbes.com, 27 Apr. 2025 This is not surprising considering that free speech has long been associated with the metaphor of free trade in ideas, closely tied to the value of a deregulated market economy. Michael Gregory, The Conversation, 17 Apr. 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

Browse Nearby Words

Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 27 May. 2025.

More from Merriam-Webster on market economy

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!