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free market

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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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Related formsfree-mar·ket, adjectivefree marketeer, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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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
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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

free market in Culture

free market

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

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