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A free market is a market where prices are determined by supply and demand. Free markets contrast with controlled markets in which prices, supply or demand id directly controlled.

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Moshe Kunze

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3y ago

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Related Questions

What economic system is characterized by the unregulated exchange of goods and services.?

Free Market is characterized by the unregulated exchange of goods and services.


This economic system is characterized by the unregulated exchange of goods and services?

Free Market (OW)


Is characterized by the unregulated exchange of service and goods?

A free market is a market where prices are determined by supply and demand. Free markets contrast with controlled markets in which prices, supply or demand id directly controlled.


Is barter the exchange of goods and services for other goods and services?

yes


What is coming system is characterized by the unregulated exchange of goods?

I believe you're referring to "laissez faire capitalism" which denotes a system of free trade that is without any interference, regulatory or otherwise, by political entities or governmental bodies.


What is an exchange goods and services?

mfjrhrhsh


What term indicated the exchange of goods and services between countries?

The exchange of goods and services between countries is called international trade.


Can you confirm that no goods or services were provided in exchange for the payment made?

Yes, I can confirm that no goods or services were provided in exchange for the payment made.


What term indicates the exchange of goods and services within a single country?

The exchange of goods and services within a single country is called domestic trade.


What system involves the direct exchange of goods and services without the use of money as a medium of exchange?

Barter system involves the direct exchange of goods and services for the same.


What system involves the direct exchange of goods and services without the use of money as a medium of exchange.?

Barter system involves the direct exchange of goods and services for the same.


How would you define barter?

Bartering is a medium in which goods or services are directly exchanged for other goods and/or services without a common unit of exchange (without the use of money). (Wikipedia)