Definition of free market in English:

Share this entry

free market

Pronunciation: /ˈˌfrē ˈmärkət/

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

(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.

For editors and proofreaders

Syllabification: free mar·ket

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.