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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Its Ten-Point Plan calls for a secular democratic republic, a non-nuclear Iran, gender equality, separation of religion and state, a free-market economy, peaceful coexistence with the world, and recognition of the rights of Iran’s diverse nationalities within a unified country. Kazem Kazerounian, Hartford Courant, 1 Apr. 2026 This, despite the recent lifting of some international sanctions and efforts to allow a market economy to flourish. Alvaro Vargas Llosa, Oc Register, 26 Mar. 2026 Machado leads the opposition movement that seeks a transition to democracy and a market economy in Venezuela. Spencer Kimball, CNBC, 24 Mar. 2026 However, Summers warns that there is no reason to expect the Cuban population to possess the cultural norms and attitudes to make a smooth transition to a more open, free-market economy. John Scott Lewinski, The Washington Examiner, 13 Mar. 2026 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 6 Apr. 2026.

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