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.
Of the dollar volume, 92% of the sales were for predominantly free market buildings. Shimon Shkury, Forbes.com, 25 Apr. 2025 With time, however, Vargas Llosa became disillusioned with the left and came to embrace classical liberalism and free markets. The Editorial Board, Oc Register, 21 Apr. 2025 Zoom out: Vance has been part of a small but growing group of Republicans who believe free market policies — including those backed by past Republican administrations — let some companies become too powerful. Ashley Gold, Axios, 15 Apr. 2025 By encouraging investment and free market solutions, Illinois can ensure that all families can afford a roof over their heads. Chris Miller, Chicago Tribune, 8 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 2 May. 2025.

Kids Definition

free market

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