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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Those making these gifts are spending down fortunes that a thriving market economy can deliver. Sally C. Pipes, The Mercury News, 6 Nov. 2024 Harris rarely talks about antitrust, or industrial policy, or trade, or the larger idea that the government should actively structure the market economy. Nicholas Lemann, The New Yorker, 28 Oct. 2024 At the beginning of Putin’s rule, when today’s 20- and 30-year-olds were still at a tender age, Russia was benefiting from strong economic growth—a result of the market economy built in the 1990s and high energy prices in the early years of this century. Andrei Kolesnikov, Foreign Affairs, 15 Oct. 2024 Fluctuations and various transformations are widespread occurrences in the contemporary market economy. WWD, 25 Sep. 2024 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

Dictionary Entries Near market economy

Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 9 Dec. 2024.

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