nonmarket

adjective
non·​mar·​ket | \ ˌnän-ˈmär-kət How to pronounce nonmarket (audio) \

Definition of nonmarket

: not of, relating to, included in, or characteristic of a market … the effect of nonmarket forces (including government and utility conservation programs) on energy use.— David J. Rose Roughly, commodification is the process by which nonmarket goods are drawn into the marketplace to be bought and sold.— William D. Wood distinguishing between a market economy and a nonmarket economy

First Known Use of nonmarket

1862, in the meaning defined above

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The first known use of nonmarket was in 1862

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Cite this Entry

“Nonmarket.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonmarket. Accessed 28 Sep. 2020.

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