Want this question answered?
competition and self-interest
competition and self interest
The 'market' regulates free enterprise, while a board of appointees regulates a college, or a group of elected officials regulates a democracy.
A free market economy
what are the merits and demerits of free market economy
A free market economy
Generally, the US government allows for the market to act unimpeded unless it causes serious social losses. For example, the government intervenes and regulates in cases of lack of competition, imperfect information, dangerous production or distribution, and externalities.
Egypt is a free market economy.
A market economy
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
a free economy with few goverment regulations
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.