free market


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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 ?
Entre nous, the Really Really Free Market is happening again on April 7.
Malik Bostan Khan, President Forex Association of Pakistan said the buying and selling of US dollar was recorded at Rs138.60/Rs139.10 as against last closing of Rs138.60/Rs139.10 in cash free market.
In the free market there are eight active power suppliers.
On the same day of this letter, it reported that a company was donating $100 million -- thank you, free market capitalism -- to the Ronald McDonald House, which is also a result of free market capitalism.
He then describes "market fundamentalism" as a collection of "unsubstantiated beliefs associated with laissez faire such as the idea that markets (or the invisible hand of the market) can handle all economic issues without government's help." In this, he reveals his thesis: "The purpose of the book is to debunk extreme and unfounded assertions attempting to equate the free market ideal and its beneficial properties with actual markets and the economy." His gripe is with what he calls "contemporary laissez faire," which to him is different from a free market.
But, and here's the big problem, most in our industry weren't truly arguing for or demanding a free market. Most were really arguing for and demanding the status quo.
For additional emphasis, the authors throw in a generic argument for free markets, originating from Aristotelian thought and also based also on the idea that young children from a very early age recognize property rights.
However, some nations are closer than others to a true free market. The first characteristic of a free-market economy is reliance on the rule of law, with well-defined property rights protected by the government.
He covers the axioms and underlying principles of a free market economy, the economics of the free market, governments and the market, factors of production, finance, innovation, and the role of the entrepreneur, and a variety of other related subjects.
First, Krugman suggests that tort law would not exist in a free market, when in fact tort law is one of many rights-protecting mechanisms that comprise the legal system of a free market.
"The analysis we have made shows that if citizens joined the free market of electricity on 1 January 2015, as it was initially planned, they would have to pay an electricity price higher by 17-20 percent, which would have negative effect on their standard of living," Economy Minister Bekim Neziri said.