Free market

Economics.

A free market is an economy - or part of 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

• Capitalism
• Competition
• Efficient market
• Fair market
• Four freedoms
• Fully planned economy
• Market mechanism
• Mixed economy
• Orderly market
• Regulation
• Thatcherism