Free Market

What Does Free Market Mean?

A market economy based on supply and demand with little or no
government control. A completely free market is an idealized form of a
market economy where buyers and sells are allowed to transact freely (i.e.
buy/sell/trade) based on a mutual agreement on price without state
intervention in the form of taxes, subsidies or regulation. 

In financial markets, free market stocks are securities that are widely traded

and whose prices are not affected by availability. 

In foreign-exchange markets, it is a market where exchange rates are not

pegged (by government) and thus rise and fall freely though supply and
demand for currency.

Investopedia explains Free Market

In simple terms, a free market is a summary term for an array of exchanges
that take place in society. Each exchange is a voluntary agreement
between two parties who trade in the form of goods and services. In reality,
this is the extent to which a free market exists since there will always be
government intervention in the form of taxes, price controls and restrictions
that prevent new competitors from entering a market. Just like supply-side
economics, free market is a term used to describe a political or ideological
viewpoint on policy and is not a field within economics. 

URL: http://www.investopedia.com/terms/f/freemarket.asp