Free market: Difference between revisions

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imported>Doug Williamson
(Expand for capitalism.)
imported>Doug Williamson
(Expand first sentence.)
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''Economics.''
''Economics.''


An economy where resources are allocated by the market by means of the market mechanism.
A free market is an economy where resources are allocated by the market by means of the market mechanism.


Relatively free markets are an essential element of capitalism.
Relatively free markets are an essential element of capitalism.

Revision as of 13:50, 4 August 2019

Economics.

A free market is an economy where resources are allocated by the market by means of the market mechanism.

Relatively free markets are an essential element of capitalism.


See also