free market

noun

plural free markets
: an economic system in which prices are based on competition among private businesses and are not controlled or regulated by a government : a market (see market entry 1 sense 4d) operating by free competition
… the free market works best when businesses compete to provide the best services …Chris Tomlinson
A free market, technically, requires no government intervention, which is why capitalists usually land on the right of the political spectrum. In America, the government regulates businesses for reasons of social welfare and public safety …, so we don't operate in a truly free market.Carolyn Twersky
often hyphenated when used before another noun
free-market competition
free-market principles
One of the basic premises of the free-market system is that actors are free to buy from or sell to a variety of other actors.Barry C. Lynn

Examples of free market in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
But ultimately, bond traders are going to make up their own minds, giving us a bond market that adheres to free market dynamics. Kevin Stankiewicz, CNBC, 28 Sep. 2025 The emphasis on free markets picks up on a liberal strand and celebrates it. Isaac Chotiner, New Yorker, 23 Sep. 2025 Wood said that the Google is manipulating the market in a way that is antithetical to free market competition. Michael Liedtke, Fortune, 22 Sep. 2025 One is that the free market, meaning supply and demand, not government fiat, should set prices and production levels. Dallas Morning News, Twin Cities, 19 Sep. 2025 See All Example Sentences for free market

Word History

First Known Use

1642, in the meaning defined above

Time Traveler
The first known use of free market was in 1642

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Cite this Entry

“Free market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20market. Accessed 3 Oct. 2025.

Kids Definition

free market

noun
: an economic market operating by free competition
Last Updated: - Updated example sentences
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