Free market
A free market is a market where price is determined by unregulated
supply and demand; the opposite is a
controlled market, where supply, demand, and price are set by a government. According to a more philosophical definition, a "free" market is a market where trades are morally voluntary and therefore free from the interference of force and fraud.
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Encyclopedia
A
free market is a market where price is determined by unregulated
supply and demand; the opposite is a
controlled market, where supply, demand, and price are set by a government. According to a more philosophical definition, a "free" market is a market where trades are morally voluntary and therefore free from the interference of force and fraud.
