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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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 In a market economy, companies cannot stay business producing stuff that people don’t consume. Bill Conerly, Forbes, 11 Mar. 2025 In the 1990s, the two countries sought economic integration and security cooperation, resulting in major progress in nuclear nonproliferation and the introduction of a market economy in Ukraine. Alexander Vindman, Foreign Affairs, 27 Mar. 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 2 May. 2025.

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