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What is a free market? Definition and meaning
A free market is an economic system in which the prices of goods and services are determined by market forces, i.e. supply and demand, rather than government controls, a price-setting monopoly, or some other authority.
Free market - Wikipedia
In economics, a free market is 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.
Free Market - Overview, Characteristics, Benefits and Drawbacks
A free market is a type of economic system that is controlled by the market forces of supply and demand, as opposed to one regulated by government controls. It is opposite on the spectrum to a command economy, where a central government agency plans the factors of production and use of resources and sets prices.
What Are Some Examples of Free Market Economies? - Investopedia
A free market economy is one without government intervention or regulation. In a purely free market, buyers and sellers arrive at prices based only on supply and demand.
Capitalism vs. Free Market: What’s the Difference? - Investopedia
In a true free market, companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages that companies are willing to pay for their...
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