free market Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “free market” in the English Dictionary

"free market" in British English

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free marketnoun [S]

uk   us  
an ​economicsystem with only a ​smallamount of ​governmentcontrol, in which ​prices and ​earnings are ​decided by the ​level of ​demand for, and ​production of ​goods and ​services: In a ​freemarket, if ​demand for a ​productincreases, then so does ​itsprice. the free-market economy
(Definition of free market from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"free market" in American English

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free marketnoun [C]

 us   /ˈfri ˈmɑr·kɪt/
social studies an ​economicsystem with only a ​smallamount of ​governmentcontrol, 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)

"free market" in Business English

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free marketnoun [C]

uk   us   ECONOMICS
an ​economicsystembased on supply and ​demand, in which ​companiesmanage their own ​business, ​prices, ​profits, etc. without being ​controlled by ​government: In a ​freemarket, ​businesses are ​challenged to ​provide better ​service, more ​quality and at ​lowerprices. a freemarketeconomy
(Definition of free market from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “free market”
in Chinese (Simplified) 利伯维尔场…
in Turkish serbest pazar…
in Russian свободный рынок…
in Chinese (Traditional) 自由市場…
in Polish wolny rynek…
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