free market

American  

noun

1. 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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free market British  

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

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free market Cultural  

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

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Other Word Forms

• free marketeer noun
• free-market adjective

Example Sentences

Still, some automakers and trade groups supported the EPA’s decision, as did fossil fuel industry groups and those geared toward free markets and regulatory reform.

From Los Angeles Times

Support for the plan came from industry groups and those geared toward free markets and regulatory reform.

From Los Angeles Times

Meanwhile, the opinion editor resigned in February last year when Bezos decided to focus the paper's comment section on "personal liberties and free markets".

From BBC

I think that, for those of us who love free markets and love capitalism and understand the utilitarian good of capitalism but also the morality of capitalism.

From The Wall Street Journal

Bezos' move last year to focus the paper's opinion section on "personal liberties and free markets" prompted the editor of that section to resign.

From BBC

Related Words

• liberalism