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.
Read More: What College Graduates Need Most in the Age of AI What’s behind this hands-off approach is a staunch belief in free market capitalism to maximize growth and social good. Paul Tudor Jones, Time, 25 June 2025 And obviously, when running in a free market energy production arena, there’s little control of the profit margin sought by the suppliers. Paul G. Pinsky, Baltimore Sun, 19 June 2025 Policies pushed by former Transportation Secretary Pete Buttigieg are prime examples that jeopardize competitive free market mechanisms and the passenger experience. Jackson Shedelbower, Oc Register, 17 June 2025 Bezos also mentioned free markets and personal liberties when describing the section’s new mandate, which drew backlash from some staffers — including from Marty Baron, the Post’s revered former executive editor under whom the outlet won 11 Pulitzer Prizes — and praise from some conservatives. Liam Reilly, CNN Money, 11 June 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 30 Jun. 2025.

Kids Definition

free market

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