an economic system in which things such as prices and pay are set as a result of competition between different businesses and are not controlled by a government
Synonyms and related words
Economic systems
capitalism
command economy
communism
free market
noun countable economics
US
Word Forms
singular
free market
plural
free markets
DEFINITIONS1
1
an economic system in which things such as prices and pay are set as a result of competition between different businesses and are not controlled by a government