Free markets, also known as open markets, have become an essential part of economies worldwide, and therefore, finding synonyms for them is crucial. Capitalism is the most commonly used synonym for free markets because capitalism allows businesses to operate in a competitive environment without government intervention in terms of pricing and distribution. Another word used synonymously is a laissez-faire economy, where the government leaves the public alone to conduct business without interference. Another alternative synonym for free markets is the free enterprise system, which promotes entrepreneurship and encourages competition. Lastly, neoliberalism is another synonym for free markets that emphasizes creating economic growth through free markets, emphasizing the role of the government to support the market rather than interfere.