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free market

an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
Related forms
free-market, adjective
free marketeer, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for free market

free market

  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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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free market in Culture

free market definition

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

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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