Free Market
/ˈfriː ˈmɑːrkɪt/
Definitions
- (n.) An economic system where prices and trade of goods and services are determined by unrestricted competition between privately owned businesses without government intervention.
The court examined the case in the context of free market principles to assess anti-competitive behavior.
Forms
- free markets
Related terms
Commentary
The term 'free market' is often referenced in legal discourse involving regulatory frameworks, competition law, and economic policies; clarity is essential when distinguishing it from regulated or mixed markets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.