free market


Definition of free market 

: an economy operating by free competition

Examples of free market in a Sentence

Recent Examples on the Web

One of the first big boosts in NHS spending came in 1962 when Enoch Powell, an early champion of the free market, splashed out on 90 new and 134 refurbished hospitals. The Economist, "The three myths of the NHS," 28 June 2018 Those most feeling the pinch, observers say, are the very Cubans the Trump administration has vowed to defend here: Small-business owners looking to inject a dose of the free market into this island. Anthony Faiola, Washington Post, "In Cuba, the great American tourism boom turns to bust," 11 May 2018 In the 1980s, however, the PRI drifted to more free market policies and a group of its members abandoned the party, including Cardenas and Lopez Obrador. Time, "'I Am Here to Salute My President': Mexicans Celebrate Lopez Obrador's Left-Wing Landslide," 2 July 2018 The document proposes keeping Britain and the EU in a free market for goods, with a more distant relationship for services. Washington Post, "Trump says May’s Brexit plan would kill UK-US trade deal," 12 July 2018 The Sherman Antitrust Act was passed in 1890, to preserve a free market at a time when railroads and banks were consolidating. Robert Levine,, "Google is hugely powerful. Is antitrust law up to the job?," 13 June 2018 And the state, not the free market, served as midwife to the new world order. Heather Souvaine Horn, The New Republic, "A System in Denial," 16 Apr. 2018 Pai has argued that free markets will do a better job of protecting customers than government regulations. Christa Case Bryant, The Christian Science Monitor, "As news ownership consolidates, will local TV become more partisan?," 13 July 2018 States should sweep away the rules, so that America really can be the home of free markets. The Economist, "Licence to kill competitionAmerica should get rid of oppressive job licensing," 17 Feb. 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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Last Updated

17 Oct 2018

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Time Traveler for free market

The first known use of free market was in 1642

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free market


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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