free market Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “free market” in the English Dictionary

"free market" in British English

See all translations

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

See all translations

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

See all translations

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?
Add Cambridge dictionaries to your browser to your website
Word of the Day

costume

the set of clothes typical of a particular country or period of history, or suitable for a particular activity

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More