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…
What is the pronunciation of free market?
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