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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Payments rails and insurance coverage are themselves business prerequisites, core enablers of the market economy. Ruth Foxe Blader, Forbes, 25 Feb. 2025 Developed market economies like the U.S. are attractive destinations for investment, given the relative strength of their institutions and the scale and liquidity of their financial markets. Patrick J. Schena, The Conversation, 8 Feb. 2025 Chinese foreign ministry spokesperson Lin Jian told reporters Monday the export controls violate laws of market economy and disrupts international trade order. Miranda Nazzaro, The Hill, 2 Dec. 2024 The politics and machinery of government numbers are vital to a modern democratic market economy. Teresa Ghilarducci, Forbes, 3 Jan. 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 14 Mar. 2025.

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