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What does free-market mean?

Looking for the meaning or definition of the word free-market? Here's what it means.

Adjective
  1. Of, related to or characteristic of a free market. Lacking wealth redistribution and government regulation.
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Examples
There are two types of ethical criticisms that can be made of the free-market system.
It has lured private capital for investment and created a transparent free-market system.
A member of the Party and a former commerce minister, he is considered an advocate of free-market policies.
Nations like Hong Kong and Japan rose from the ashes of the Second World War as free-market economies.
All free-market advocates realize that monetary inflation brings on price inflation.
The rest of the time, they assumed that economic rationalism implies support for radical free-market reform.

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