nonmarket

adjective

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

Word History

First Known Use

1862, in the meaning defined above

Time Traveler
The first known use of nonmarket was in 1862

Dictionary Entries Near nonmarket

Cite this Entry

“Nonmarket.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/nonmarket. Accessed 9 Dec. 2022.

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