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free market
[/friː ˈmɑːrkɪt/]
noun
pl: free markets
mercado livre
1.
An economic system where prices are determined by supply and demand with minimal government intervention
The free market encourages competition and innovation among businesses.
O mercado livre incentiva a concorrência e a inovação entre as empresas.
2.
A market where goods and services are exchanged without price controls or trade restrictions
In a free market economy, consumers have the power to influence what products are produced.
Em uma economia de mercado livre, os consumidores têm o poder de influenciar quais produtos são produzidos.
Synonyms
open market
competitive market
market economy
capitalism
Antonyms
planned economy
command economy
controlled market
regulated market
Regional Variations
General Brazilian
mercado livre
Most common usage in Brazilian Portuguese
São Paulo
mercado livre
Standard business and economic terminology
Portugal
mercado livre
Standard usage in European Portuguese
Related Idioms & Phrases
free market forces
free market economy
free market principles
let the free market decide
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