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 Leading economists such as Dani Rodrik at Harvard and Daron Acemoglu at the Massachusetts Institute of Technology’s have started to challenge the prevailing orthodoxy that such jobs are an inevitable by-product of a well-functioning market economy. Daniel Chandler, TIME, 14 May 2024 No market economy even approximates a competitive ideal of perfect competition, perfect information, and perfect risk and capital markets. Joseph E. Stiglitz, Fortune, 12 May 2024 The club believes in individual responsibility, personal freedoms, limited government, a market economy, low taxes and strong national defense. Linda McIntosh, San Diego Union-Tribune, 16 Feb. 2024 That book, another of Oyeyemi’s meta-textual inventions, reflects the contradictions of a country teetering between Communism and a market economy. Jennifer Wilson, The New Yorker, 3 Mar. 2024 See all Example Sentences for market economy 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'market economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1918, in the meaning defined above

Time Traveler
The first known use of market economy was in 1918

Dictionary Entries Near market economy

Cite this Entry

“Market economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/market%20economy. Accessed 7 Jun. 2024.

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