Recent Examples of market economy from the Web
It was done in by cynicism, exhaustion and the inevitable comparisons with the prosperous market economies of the West.
Stoll’s criticisms of the market economy are sometimes needlessly polemic.
While the famine and the turmoil eventually eased, a quietly budding market economy held on.
While the famine and the turmoil eventually eased, a quietly budding market economy — and the smugglers — held on.
For years, Western politicians believed that China would keep moving steadily toward a free-market economy to rectify the weaknesses created by state planning.
Hammond, finance minister for the centre-right party since July 2016, will talk up the merits of a free-market economy.
But while Riga remains an important port for trade with Russia and is now well-integrated into the EU economy, the transition to a market economy hasn’t been painless.
Like other parts of the former Soviet Union, Uzbekistan struggled after the fall of Communism to transition to a market economy, said Nate Schenkkan, a Central Asia expert at the think tank Freedom House.
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
What made you want to look up market economy? Please tell us where you read or heard it (including the quote, if possible).