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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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 In a market economy, major investors can also constrain executive power. Mariano-Florentino Cuéllar, Foreign Affairs, 18 Apr. 2025 Most western countries have chosen to rely on a market economy. Neven Dilkov, Forbes.com, 7 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

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Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 16 May. 2025.

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