free market
free
ˈfri:
fri
mar
mɑ:
maa
ket
kɪt
kit

Definition & Meaning of "free market"in English

Free market
01

an economic system that is not operated by the government rather by free competition and supply and demand 

Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
free markets
Examples
In a free market economy, prices are determined by supply and demand rather than government intervention. 
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