Meaning of the word "free market" in English
What does "free market" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
free market
US /ˌfriː ˈmɑːr.kɪt/
UK /ˌfriː ˈmɑːr.kɪt/
Noun
1.
an economic system in which prices are determined by unrestricted competition between privately owned businesses.
Example:
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The government is moving towards a more free market economy.
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Advocates of the free market believe it promotes efficiency and innovation.
Synonym:
Synonym:
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