Phrase guide

market economy

noun · 2 senses · updated from the 2026-07-25 local source snapshot

Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.

Sound

Pronunciation

Each Play button uses your device's default local English voice, or a natural local fallback. The selected voice name appears after playback. This is synthesized speech, not a source recording.

  • Southern-England: Recorded audio is listed in the source snapshot.

1

noun

Meaning 1

An economy in which goods and services are exchanged in a market, as opposed to a state-controlled economy.

Definition source: English Wiktionary via Wiktextract

No example sentence was provided for this meaning.

Meaning relationships

Synonyms: none provided

Antonyms: none provided

2

noun

Meaning 2

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Definition source: Princeton WordNet 3.0

No example sentence was provided for this meaning.

Meaning relationships

Synonyms: free enterprise, private enterprise, laissez-faire economy

Antonyms: non-market economy

Broader terms: economy, economic system

Narrower terms: capitalism, capitalist economy

History

Etymology

No etymology was provided for this word.

Across languages

Translations

23 source translations are retained for this English entry.

  • Arabic: اِقْتِصَاد اَلسُّوق (iqtiṣād as-sūq) — economy in which and services are exchanged in a free market
  • Armenian: շուկայական տնտեսություն (šukayakan tntesutʻyun) — economy in which and services are exchanged in a free market
  • Burmese: ဈေးကွက်စီးပွားရေး (jhe:kwakci:pwa:re:) — economy in which and services are exchanged in a free market
  • Chinese Mandarin: 市場經濟 /市场经济 (shìchǎng jīngjì) — economy in which and services are exchanged in a free market
  • Czech: tržní hospodářství — economy in which and services are exchanged in a free market
  • Danish: markedsøkonomi — economy in which and services are exchanged in a free market
  • Dutch: markteconomie — economy in which and services are exchanged in a free market
  • Finnish: markkinatalous — economy in which and services are exchanged in a free market
  • French: économie de marché — economy in which and services are exchanged in a free market
  • Georgian: საბაზრო ეკონომიკა (sabazro eḳonomiḳa) — economy in which and services are exchanged in a free market
  • German: Marktwirtschaft — economy in which and services are exchanged in a free market
  • Hungarian: piacgazdaság — economy in which and services are exchanged in a free market
  • Italian: economia di mercato — economy in which and services are exchanged in a free market
  • Japanese: 市場経済 (shijō keizai) — economy in which and services are exchanged in a free market
  • Korean: 시장 경제 (sijang gyeongje) — economy in which and services are exchanged in a free market
  • Polish: gospodarka rynkowa — economy in which and services are exchanged in a free market
  • Portuguese: economia de mercado — economy in which and services are exchanged in a free market
  • Russian: ры́ночная эконо́мика (rýnočnaja ekonómika) — economy in which and services are exchanged in a free market
  • Spanish: economía de mercado — economy in which and services are exchanged in a free market
  • Swedish: marknadsekonomi — economy in which and services are exchanged in a free market
  • Turkish: piyasa ekonomisi — economy in which and services are exchanged in a free market
  • Ukrainian: ри́нкова еконо́міка (rýnkova ekonómika) — economy in which and services are exchanged in a free market
  • Vietnamese: nền kinh tế thị trường — economy in which and services are exchanged in a free market