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free market

Syllabification: free mar·ket

Definition of free market in English:

noun

An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Example sentences
  • We are committed to a free-market system, and we will stay on that course.
  • There are two types of ethical criticisms that can be made of the free-market system.
  • Nations like Hong Kong and Japan rose from the ashes of the Second World War as free-market economies.

Derivatives

free marketeer

1
(also free-marketeer) noun
Example sentences
  • Even more remarkable is the indignation on the part of free marketeers who should be thankful that, once again, regulators have saved capitalism from its self-cannibalizing instincts.
  • These two great free marketeers understood how government uses the period immediately following a war as it does the war itself for state power and special-interest rewards.
  • Perry, a free marketeer, should see it for what it is: anti-competitive on its face and anti-consumer at its core.

Definition of free market in:

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