free market

noun

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

free market

noun

1. 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

free market

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

Other Word Forms

• free-market adjective
• free marketeer noun

Example Sentences

Many thought they had found entrepreneurial soulmates, more oriented to the free market than their more regulated partners in the EU.

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The libertarian Argentine president’s government has taken aggressive steps to allow the free market to take control.

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Georgieva said governments must continue to support growth by providing “the basic building blocks of free markets,” including “good data” and “independent yet accountable institutions.”

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That same year, Adam Smith published “The Wealth of Nations,” providing theoretical underpinning for the American experiment in free markets.

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Sacks, a libertarian who extols the virtues of a Darwinian free market, is riding high off the AI world’s embrace of the president’s policies.

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Related Words

• liberalism