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English definition of “free market”

free market

noun [C]  /ˈfri ˈmɑr·kɪt/ us  
social studies an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of, goods and services: a free-market economy
(Definition of free market from the Cambridge Academic Content Dictionary © Cambridge University Press)
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