free market

noun
UK: /ˌfriː ˈmɑːkɪt/
US: /ˌfriː ˈmɑːrkɪt/

  1. An economic system where prices are based on supply and demand without government control.

    1. The free market helps small businesses grow fast.
    2. The government should let the free market decide the prices of goods and services.

  2. A situation where anyone can buy or sell things without limits.

    1. In a free market, people can sell what they want.
    2. The benefits of a truly free market are widely debated by economists.

Synonyms

laissez-faire open market
free market adjective

  1. Relating to an economic system with minimal government intervention.

    1. We need a free market solution for healthcare.
    2. Free market policies often lead to greater innovation and competition.

Frequently Asked Questions

The word "free market" in English means: An economic system where prices are based on supply and demand without government control., A situation where anyone can buy or sell things without limits..

The phonetic transcription of "free market" is /ˌfriː ˈmɑːkɪt/ in British English and /ˌfriː ˈmɑːrkɪt/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "free market": laissez-faire, open market.

Example usage of "free market": "The free market helps small businesses grow fast.". More examples on the page.