free market


noun

an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.

OTHER WORDS FROM free market

free-mar·ket, adjective free marketeer, noun

Example sentences from the Web for free market

British Dictionary definitions for free market

free market

noun

  1. an economic system that allows supply and demand to regulate prices, wages, etc, rather than government policy
  2. (as modifier)a free-market economy

Cultural definitions for free market

free market

The production and exchange of goods and services without interference from the government or from monopolies.