free market policy
1
4.1
- noun
- /fri ˈmɑrkɪt ˈpɑlɪsi/
- Formal
:
política de libre mercado
- The government's shift towards a free market policy encouraged competition and innovation among local businesses.
- pursue free market policies
- adopt free market policies
We know in the real world, free market policies tend to reduce more prosperity, more growth, better outcomes than others.
- We know in the real world, free market policies tend to reduce more prosperity, more growth, better outcomes than others.
Examples
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To survive economically, it relies instead on a well-educated and highly trained workforce, free market policies, and political stability.
Academic text (2003) -
And their chances to be heard are likely to grow as free-market policies fail to produce quick returns.
Academic text (1992) -
The nations that adopted the most free market policies did best.
Blog text (2) -
We know in the real world, free market policies tend to reduce more prosperity, more growth, better outcomes than others.
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And please, quit apologizing for the free market policies that have proven to work, both here and around the world.
Blog text (24) -
Since then, with the implementation of various free-market policies, the Chinese economy has exploded.
Academic text (2005) -
Generation Opportunity revealed the extent of young women's support for free-market policies.
Blog text (8) -
The Enterprise is particularly timely because it reinforces the strong movement toward economic reform and free-market policies now prevalent throughout Latin America.
Academic text (1991) -
Sustained capitalist development in Ghana can be achieved in a political order that fosters social forces in support of free market policies.
Academic text (1996) -
The new cooperation between liberal and Christian democratic parties in Eastern Europe, along with the success of free-market policies in the region, helps explain why broad-based center-right coalition movements are again winning elections and taking power away from the ex-communist left.
Academic text (1998)
Synonyms
93
3.0
A system where people and businesses buy and sell goods and prices are set by supply and demand
30
3.8
A system where private businesses compete and the market sets prices with little government control
3
8.3
A belief that government should not interfere with business activity
1
7.0
An economic plan that favors free markets, selling government services, and fewer rules
An economy where businesses operate with little government control
Antonyms
17
7.0
A government policy that helps local businesses by making foreign goods more expensive or limiting imports
How Interventionist
Surface Forms
Morphology
The meaning is directly built from the constituents: 'free' (without constraints), 'market' (commerce), and 'policy' (a guiding principle), so a learner who knows each word can infer it denotes a policy promoting open, minimally regulated markets. The concept and its construction are common cross-linguistically (e.g. 'política de libre mercado'), making it immediately comprehensible to a B1 learner.
Etymology
Free market policy comes from the simple picture of a busy market where sellers set prices and trade on their own: free means without outside control and market is the place for buying and selling. That's why it now refers to an economic policy with 'little or no government control' that encourages 'open competition' between businesses.