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free market
Pronunciation
/fɹˈiː mˈɑːɹkɪt/

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
Inanimate
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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