Recent Examples of market economy from the Web
The Czechs wanted to create a free-market economy
Recent indicators from the emerging market economies (EMEs) also pointed to continued strong economic growth, notwithstanding some slowing in the rate of expansion of activity in China.
Some critics complained that the idea conflicted with Mrs. May’s broader defense of the free-market economy, which the Conservatives say is threatened by Mr. Corbyn.
The law of diminishing returns kicks in, a force as immutable in theater as in a market economy.
Such disregard for consumer choice and the normal workings of a market economy would never be accepted in any other part of the U.S. economy.
To be sure, voluntary agreements between workers and firms are a hallmark of market economies, and there should be a high standard for state intervention.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'market economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of market economy
Financial Definition of MARKET ECONOMY
What It Is
A market economy is structured to allow market forces to determine prices with little or no government involvement.
How It Works
In theory, a market economy's functions are based on fluctuations in supply and demand for specific goods and services across an entire market. This relationship results in market prices that efficiently distribute goods and services among market participants who are willing and able to pay for them. Regulations by government are theoretically unnecessary, since market forces shift supply and demand and signal price adjustments conducive for efficient exchange of goods and services. Capitalism in its purest form exists in a market economy.
MARKET ECONOMY Defined for English Language Learners
Definition of market economy for English Language Learners
: an economic system in which prices are based on competition among private businesses and not controlled by a government
Learn More about market economy
Britannica.com: Encyclopedia article about market economy
Seen and Heard
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