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.
And that might present real problems for Trump, especially when his goals do not align with the conservative movement’s traditional free market views. Ian Millhiser, Vox, 12 May 2025 Some of these subsidies could be reduced or eliminated, too, for the free market participants. Josh Hammer, MSNBC Newsweek, 9 May 2025 Apart from its support for research and development, Washington largely left the free market alone. Anne Neuberger, Foreign Affairs, 1 May 2025 Vietnam has moved from war to peace, rural to increasingly urban, poor to roughly middle-class, and explicitly Communist to a complex hybrid of free markets and state control. Natasha Frost, New York Times, 30 Apr. 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 28 May. 2025.

Kids Definition

free market

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