A market place where individuals can act in their own best interest, free from outside forces (freedom means freedom from government) restricting their choices, or regulating or subsidizing product prices. Free market also refers to the political system where the means of production are owned by free, non-regulated individuals. The CENTER ONLINE Futures Glossary
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free market UK US noun [C] ECONOMICS
► an economic system based on supply and demand, in which companies manage their own business, prices, profits, etc. without being controlled by government: »
In a free market, businesses are challenged to provide better service, more quality and at lower prices.
»a free market economy
Financial and business terms. 2012.