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What is a free market?

What is a free market? Here are some definitions.

Noun
  1. Any market in which trade is unregulated by government; an economic system free from government intervention.
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Examples
The idea of calculating the so-called national balance of payments in a free market economy will be absurd.
His advocacy of free market principles has had a significant impact on governments and people across the globe.
Both democracy and the free market will not survive long in the absence of an informed, alert, intellectually agile public.
Few parts of the aerospace or civilian airline industry bear much relation to free market theory.
I am optimistic because there is already a brisk commercial activity under free market conditions.
Wimbledon's demise is a stark reality check of where soccer is going in a free market.

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