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

All of the court’s conservatives were schooled in the Reagan Revolution philosophy of free markets.

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I’m not American, but like millions of Canadians I admire Reagan and his commitment to free trade, free markets and closer ties between our two countries.

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“Transparency is the lifeblood of free markets, and it’s also the lifeblood of policy reform. If you don’t have good data then you can’t have good policies,” Mr. Webb told us.

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“I am a believer in free markets and that, in the long run, individuals as a group make better decisions than governments,” says Linscomb’s Christopherson.

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Speaking at the 11th Committee's Third Plenum in Beijing, the country's new leader Deng Xiaoping declared that it was time to embrace some elements of the free market.

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Related Words

• liberalism