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.
Second, the Pac-12’s argument in the poaching penalty case is based on the free market. Jon Wilner, Mercury News, 27 Mar. 2026 Three years later, as the GOP pushed for economic deregulation, the bishops published a letter arguing that free markets alone can’t ensure fairness or human dignity. Francis X. Rocca, The Atlantic, 24 Mar. 2026 Elias Tsapelas, director of state budget and fiscal policy at the Show-Me Institute, a Missouri free market think tank, said eliminating the income tax would help the state compete for residents and business, while also providing lawmakers an opportunity to scrutinize state spending. Kevin Hardy, States Newsroom, 24 Mar. 2026 The opposition leader said the Venezuelan people will vote for free markets, rule of law and property rights. Spencer Kimball, CNBC, 24 Mar. 2026 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

Browse Nearby Words

Cite this Entry

“Free market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20market. Accessed 4 Apr. 2026.

Kids Definition

free market

noun
: an economic market operating by free competition
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