A society based around a market economy, especially one in which political and economic life are dominated by ideas of individual freedom and self-interest.
Origin
1960s; earliest use found in Journal of Political Economy.
Definition of market society in US English:
market society
noun
A society based around a market economy, especially one in which political and economic life are dominated by ideas of individual freedom and self-interest.
Origin
1960s; earliest use found in Journal of Political Economy.