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free market
noun
- an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
free market
noun
- an economic system that allows supply and demand to regulate prices, wages, etc, rather than government policy
- ( as modifier )
a free-market economy
free market
- The production and exchange of goods and services without interference from the government or from monopolies .
Other Word Forms
- ڰ-k adjective
- free marketeer noun
Example Sentences
“The economy does best when government doesn’t pick winners and losers,” said Wayne Winegarden, senior fellow of business and economics at Pacific Research Institute, a California-based think tank that advocates for free markets.
Moreover, his staunch defense of the free market put him at odds with ordinary Peruvians, who were reeling from the country’s economic crisis and a burgeoning civil conflict.
The access was tied to a number of conditions including free market policies, labour and human rights and political pluralism.
In his newsletter, historian Timothy Snyder offered the following critique of the logic of “free market” orthodoxy and how Bezos’ decision is doing the work of authoritarianism and plutocracy:
we saw in the UK in the 1980s under Margaret Thatcher's government was just how quickly the free market transitioned from a radical idea into the new reality.
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