- *prices of products and services, and the allocation of economic resources are determined by the unhindered interplay of the forces of supply and demand. In practice, a pure free-market economy is unlikely to exist today, as most nations have significant *public sector activity and *regulations over commerce and trade. A *mixed economy is currently the norm.
Auditor's dictionary. 2014.
Look at other dictionaries:
free market economy — ➔ economy1 … Financial and business terms
free market economy — an economic system in which all or most of the means of production are privately owned and operated (usually through employing wage labour, and for profit), and in which the investment of capital and the production, distribution and prices of… … Mini philosophy glossary
free market economy — noun (C) a system of trade in which prices are allowed to rise and fall without being restricted by the government … Longman dictionary of contemporary English
free market economy — /fri: ˌmɑ:kɪt ɪ kɒnəmi/ noun a system where the government does not interfere in business activity in any way … Marketing dictionary in english
free market economy — /fri: ˌmɑ:kɪt ɪ kɒnəmi/ noun a system where the government does not interfere in business activity in any way … Dictionary of banking and finance
free-market — freeˈ market adjective • • • Main Entry: ↑free * * * free market adj, always used before a noun a free market economy free market principles • • • Main Entry: ↑free market … Useful english dictionary
free market — n an economic system in which prices are not controlled by the government ▪ a free market economy … Dictionary of contemporary English
Free market — A free market is a market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers. In a free market, individuals, rather than government, make the majority of decisions… … Wikipedia
Market economy — Part of a series on Economic systems Ideological systems Anarchist … Wikipedia
free market — noun : an economic market operating by free competition : an economic condition of unrestricted buying and selling * * * noun, pl ⋯ kets [count] : an economic market or system in which prices are based on competition among private businesses and… … Useful english dictionary