Free market: Difference between revisions
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imported>Doug Williamson (Expand first sentence.) |
imported>Doug Williamson (Update.) |
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''Economics.'' | ''Economics.'' | ||
A free market is an economy where resources are allocated by the market by means of the market mechanism. | 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. | Relatively free markets are an essential element of capitalism. | ||
Revision as of 09:42, 28 November 2019
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.
