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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The first dimension points to the market economy, and here retailers seem to be the driving force. Maria Balaska, Time, 20 Dec. 2025 For revenue, the government depends not on some cash-flow machine but entirely on taxpayers (and voters) who operate in a vast, open-market economy. Stephen Kotkin, Foreign Affairs, 16 Dec. 2025 Even in the series’ opening hours, which rush to establish the country’s frenzied obsession with the new market economy and how Mr. Bao harnessed it through the tutelage of his wise Uncle Ye (You Benchang), there are searing reminders of what happens when similar bets don’t pay off. Ben Travers, IndieWire, 24 Nov. 2025 In a market economy, the way allocation of capital goods works, of course, is price signals. Katie Drummond, Wired News, 18 Nov. 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

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Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 1 Jan. 2026.

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