free market

Definitions

General English

Accounting

  • noun a market in which there is no government control of supply and demand, and the rights of individuals and organisations to physical and intellectual property are upheld

Economics

  • noun a market which has no restrictions placed on it (either by a government or by a firm)

Information & Library Science

  • noun an economic system in which the production and sale of goods is controlled by the buyers and sellers rather than the government
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