free market

  

Definition

Where buyers and sellers can make the deals they wish to make without any interference, except by the forces of demand and supply. A stockmarket comes closest to this ideal. See also market economy and open market.

Use free market in a sentence

  • Noticing that several vendors at the farmers market had the same product at varying prices made me realize how much of a free market it was.

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  • We enjoy the products available on the free market and are able to purchase almost anything we desire at a fair price.

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  • For the new society, the free market economy appeared almost Utopian in nature, because it provided the necessary goods for its people in the quantities that they needed without having to be told how much to produce at any given time.

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