free market

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Related to Free Market Economies: Mixed economies

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.

free′ mar′ket


n.
an economic market regulated by the forces of supply and demand.
[1905–10]

free market

Trade which flows freely between countries without barriers such as tariffs and quotas.
References in periodicals archive ?
While free market economies cover the planet, they are also the subject of constant moral attack; in other words, capitalism is at once attractive and morally suspicious.
In a globalized world, where the major players are verbally promoting free market economies, imposing sanctions curtails economic freedom and hurts consumers in countries that are subject to sanctions.
The author takes the perspective that patents are not a social burden imposed by misguided lawmakers, nor a weapon used by corporations to oppress consumers; rather, patents are tools of competition and economic progress in free market economies. The book begins with a review of the history of patents up through the industrial revolution, then offers an overview of the current status of the industrial patent system and its functions, especially in the context of globalized trade.
Section two discusses the difficulties faced by former communist societies in their attempt to transform command economies into free market economies. Section three studies the similarities of Ver Eecke's discussion of merit goods to Catholic Social Teaching, which privileges a normative option for the poor.
Among Russians, Gallup also finds an association between free market economies and Western-style democracy.