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English definition of “free market”

free market

noun [S]    
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: In a free market, if demand for a product increases then so does its price. the free-market economyEconomics and the state of the economy
(Definition of free market noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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