1 free market | Definition of free market

free market

noun

Definition of free market

: an economy operating by free competition

Examples of free market in a Sentence

Recent Examples on the Web

In a free market, pursuing shareholder value would in and of itself deliver the best goods and services to the public, optimise employment and create the most wealth—wealth which could then be put to all sorts of good uses. The Economist, "Big business is beginning to accept broader social responsibilities," 22 Aug. 2019 Unfortunately, though, for those of us who believe in the free market, the 2020 race continues to offer less of a choice, and more of an echo. Michael Tanner, National Review, "Trump’s Trade Critics Don’t Offer Better Options," 21 Aug. 2019 Everyone wants to make as much money as possible working at a job, but it should be determined by the free market not by a government mandate. Chuck Lehmann, sun-sentinel.com, "Higher minimum wage or unemployed? | Opinion," 2 Aug. 2019 With no competition, a monopoly firm will reduce output below the level that would prevail in a free market and can sell it for a high price. Edward Lotterman, Twin Cities, "Real World Economics: Playing monopoly is more than just rolling the dice," 16 June 2019 Republicans believe in the free market, while Democrats favor government intervention in the economy. Eric Levitz, Daily Intelligencer, "Trump Is Preparing to Prop Up Unprofitable Coal Plants With ‘Emergency’ Subsidies," 1 June 2018 The appointments, which also created faculty lines at George Mason, were steered to professors who, like the Kochs, embraced unconstrained free markets. New York Times, "What Charles Koch and Other Donors to George Mason University Got for Their Money," 5 May 2018 It’s done so by harnessing the power of state-capitalism, intertwining its political power with its financial clout at a scale never seen in the global free market. Ian Bremmer, Time, "What the Modi-Xi Meeting Tells Us About China and India," 27 Apr. 2018 The free market would take care of most of the issues and the fan would, very likely, see a better product in the stadium or on TV. William L. Rukeyser, The Mercury News, "Opinion: Here’s how NCAA college sports could be deregulated," 4 Aug. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'free market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of free market

1642, in the meaning defined above

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More Definitions for free market

free market

noun

English Language Learners Definition of free market

: an economic market or system in which prices are based on competition among private businesses and not controlled by a government

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Rhyming Dictionary: Words that rhyme with free market