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What is free market?

Updated: 10/26/2022

Wiki User

∙ 6y ago

Best Answer

an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority.

Emmanuel Ward ∙

Lvl 10

∙ 2y ago

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Wiki User

∙ 13y ago

Economics activities was carried by private sector.
Consumer make their own decision.
Individuals have a right to own assets.
Presence of competition. It will encourages development and improvement.
Profit motivated.

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Wiki User

∙ 13y ago

Free marketing is when the state has no control over it as oppossed to controlled markets.

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Continue Learning about Economics

What is the opposite of free market?

A free market economy

What are the components of a free market economy?

A free market economy is a market based one. The prices of goods and services are determined independently in a free market.

Is France's economy free market or command?

free market

Who makes decisions in a free market system?

In a free market system

What is free about a free market?

The free market provides people with the goods they want at the price they are willing to pay. -or- Free-market economies result in a very unequal distribution of wealth.

Related questions

Why is a free market a type of market failure?

In a free market, there is profit to be made by making the free market not a free market. Therefore, a completely free market destroys itself.

What is the opposite of free market?

A free market economy

What are the components of a free market economy?

A free market economy is a market based one. The prices of goods and services are determined independently in a free market.

Is France's economy free market or command?

free market

What is canadas economy based on?

A free market economy

Is the Dominican Republic a Free Market?

Dominican Republic is a Free Market

Who makes decisions in a free market system?

In a free market system

A capitalist country has which of the following economic systems?

Free-market

How do you use free market in a sentence?

Free market is a big part of capitalism.

When was The Free Market Cure created?

The Free Market Cure was created in 2007.

What it means by free play of market forces?

what is free play of market forces

What kind of econmoic system does capitaslist country have?

free market

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