nonmarket

adjective non·mar·ket \ ˌnän-ˈmär-kət \

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

First Known Use of nonmarket

1862

in the meaning defined above

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