What is a free market economy?

Answer 1

Economic system in which the principal means of production, distribution, and exchange are in private (individual or corporate) hands and competitively operated for profit. A mixed economycombines the private enterprise of capitalism and a degree of state monopoly, as in nationalized industries and welfare services.

Most capitalist economies are actually mixed economies, but some (such as the US and Japanese) have a greater share of the economy devoted to free enterprise.

his article is © Research Machines plc 2009. All rights reserved. Helicon Publishing is a division of Research Machines plc.

How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.

Answer 2

goods ! likee selling , trading & stuff like that...

Answer 3

Economic system in which the principal means of production, distribution, and exchange are in private (individual or corporate) hands and competitively operated for profit. A mixed economycombines the private enterprise of capitalism and a degree of state monopoly, as in nationalized industries and welfare services.

Most capitalist economies are actually mixed economies, but some (such as the US and Japanese) have a greater share of the economy devoted to free enterprise.

his article is © Research Machines plc 2009. All rights reserved. Helicon Publishing is a division of Research Machines plc.

How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.

Answer 4

A free market economy is one in which commerce is unrestricted by government. Thus cost and availability of products are primarily determined by supply and demand, with little or no influence from taxes, tariffs, and other government regulation.

Answer 5

An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy. www.answers.com An economy where you are allowed to make decisions and start your own businesses, is not government planned or controlled.

Answer 6

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

Answer 7

It means that an economy that allows businesses to operate with little government regulation.

Answer 8

It's an economy where markets are influenced by price, demand and supply.

Answer 9

Huii