I guess there are varying definitions of "free market". I was going off of Wikipedia: > In economics, a free market is an idealized cognitive model of an econo

I guess there are varying definitions of "free market". I was going off of Wikipedia: > In economics, a free market is an idealized cognitive model of an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Adam Smith is mentioned later on in the article though: > For classical economists such as Adam Smith, the term free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities. They say this implies that economic rents, which they describe as profits generated from a lack of perfect competition, must be reduced or eliminated as much as possible through free competition. https://en.wikipedia.org/wiki/Free_market https://en.wikipedia.org/wiki/Free_market