free market

noun

Definition of free market

: an economy operating by free competition

Examples of free market in a Sentence

Recent Examples on the Web

Fans of the free market should be frustrated with today’s drug-pricing system—and pleased with the president’s bold disruptive plans. WSJ, "Drug-Price Transparency Helps Consumers," 23 Oct. 2018 But taxes, even in the best cases, distort the free market, increase costs and create unintended consequences. kansascity, "Jean Paul Bradshaw," 30 June 2018 The Vietnamese Communist party’s ability to retain power at the same time as freeing markets must appeal to Kim Jong Un, North Korea’s dictator, who has vowed to improve his country’s economy. The Economist, "Is North Korea the next Vietnam? Don’t count on it," 12 July 2018 Few in Europe and Asia have forgotten that free-market economies were democracy’s greatest weapon in the 20th century, and the entrepreneurs and investors that drive those free markets won’t soon embrace authoritarian control. James Stavridis, Time, "Democracy Isn't Perfect, But It Will Still Prevail," 12 July 2018 Capitalism thrives in free market societies, dictated by the private companies that are in competition. Carolyn Twersky, Seventeen, "What is Capitalism?," 7 Jan. 2019 Anarcho-capitalism, which is interested in self-ownership and free markets, is much rarer, and is considered by most anarchists to be illegitimate because of anarchism’s inherent opposition to capitalism. Kim Kelly, Teen Vogue, "Anarchy: What It Is and Why Pop Culture Loves It," 7 Sep. 2018 And liberal reformers believed that by insuring people against some risks of creative destruction, welfare states would bolster democratic support for free markets. The Economist, "Capitalism needs a welfare state to survive," 12 July 2018 That is determined by private property owners and the free market. CBS News, "Natalie Portman documentary "Eating Animals" explores rise of so-called factory farming," 15 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'free market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of free market

1642, in the meaning defined above

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Dictionary Entries near free market

freely

freeman

Freeman

free market

free marketeer

freemartin

Freemason

Statistics for free market

Last Updated

21 Feb 2019

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Time Traveler for free market

The first known use of free market was in 1642

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More Definitions for free market

free market

noun

English Language Learners Definition of free market

: an economic market or system in which prices are based on competition among private businesses and not controlled by a government

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