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.
Only the return to a lower-tax state that embraces free markets and eschews a massive welfare state can stop the bleeding. Adam B. Summers, Oc Register, 25 Apr. 2026 Far from corporate greed or anticompetitive behavior, competitive discounts driven by volume and supply chain efficiencies fuel free markets, helping families save money on groceries, appliances, TVs, cellphones, computers and cars. Stephen Moore, Boston Herald, 24 Apr. 2026 Only the return to a lower-tax state that embraces free markets and eschews a massive welfare state can stop the bleeding. Adam Summers, San Diego Union-Tribune, 24 Apr. 2026 Consequently, in the 1980s, the ideas and ideals embodied in the New World Information and Communication Order debates and the MacBride Report were little by little stowed away as free market and globalization became the key words in a new digital communication era. Stijn Joye, Encyclopedia Britannica, 23 Apr. 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

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Cite this Entry

“Free market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20market. Accessed 1 May. 2026.

Kids Definition

free market

noun
: an economic market operating by free competition
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