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free market
(redirected from Free-market capitalism)

   Also found in: Financial, Wikipedia 0.01 sec.
free market
n.
An economic market in which supply and demand are not regulated or are regulated with only minor restrictions.

free market
n
(Economics)
a.  an economic system that allows supply and demand to regulate prices, wages, etc., rather than government policy
b.  (as modifier) a free-market economy


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In the wake of the credit crunch, a poll for the BBC World Service has found widespread dissatisfaction with free-market capitalism, with only just over one in 10 of those questioned across 27 countries saying that it was working well.
An inherent weakness in free-market capitalism, as Henry Hazlitt once observed, is that it gives rise to fantastically complex chains of production, a spontaneous order that far exceeds the ability of any individual or committee to grasp in its entirety.
It appears that the fall of the Berlin Wall in 1989 may not have been the crushing victory for free-market capitalism that it seemed at the time -- particularly after the events of the last 12 months," said Doug Miller, chairman of polling firm GlobeScan which co-conducted the survey.
 
 
 
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