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Discover Ludwig"free markets" is a correct and usable phrase in written English.
It can be used to describe markets and economies that are unregulated and where competition is allowed to determine prices and production. For example, "The government's policies have led to the growth of free markets that support small businesses."
Dictionary
free markets
noun
Plural of free market
Exact(59)
He believes in free markets".
"Free markets work".
Free people, free markets.
But Europe runs on free markets, too.
It was immigration, plus free markets.
Backs limited government and free markets.
Don't tell me about free markets.
It has embraced free markets and globalisation.
"I'm not into free markets.
One that favors free markets?
It's just the way free markets work.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com