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.
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Example sentences from the Web for free market
British Dictionary definitions for free market
free market
noun
- an economic system that allows supply and demand to regulate prices, wages, etc, rather than government policy
- (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.