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

Instead, pluralism, naturally associated with diversity and popular agency, was made into the cultural face of capitalism—it was branded as a false openness mimicking the free market, as a flattening that might cause art and art history to lose the threads of progress and quality. —Katy Siegel, Artforum, 2 June 2026

Currently, under the free market system, percentages have ebbed and flowed. —Maury Brown, Forbes.com, 1 June 2026

The free market does the job far more efficiently than government intervention! —Teri Sforza, Oc Register, 28 May 2026

This is the paradox of profit in a free market. —Editorial, Boston Herald, 27 May 2026

Word History

First Known Use

1642, in the meaning defined above

Rhymes for free market

• nonmarket
• premarket
• upmarket
• aftermarket
• patriarchate
• supermarket

Kids Definition

free market

noun

: an economic market operating by free competition