free marketnoun [ S ]
uk/ˌfriː ˈmɑː.kɪt/us/ˌfriː ˈmɑːr.kɪt/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 economy
Thesaurus: synonyms and related words
Economics
- autarchy
- broad money
- Chancellor of the Exchequer
- credit crunch
- depressed
- downturn
- economics
- expenditure
- GDP per capita
- GNI
- hyperinflation
- market forces
- mixed economy
- pecuniary
- protectionism
- retail price index
- spending
- stall
- trade figures
- upturn
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