0
American economist Milton Friedman is known as the father of the free market principle.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoAdam Smith
Add your answer:
Earn +20 pts
Which economic system is defined by a free market and private ownership?
It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
What are the merits and demerits of free market economy?
what are the merits and demerits of free market economy
What is the system of free enterpirise called?
Free enterprise is also known as a free market economy and also referred to as capitalism.
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.
Which of the following is another term for a market economy?
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
What is canadas economy based on?
A free market economy
Which economic system is defined by a free market and private ownership?
It is generally known as a market economy. In this economy, the choices are made by the people and not the government.
What are the merits and demerits of free market economy?
what are the merits and demerits of free market economy
What is the system of free enterpirise called?
Free enterprise is also known as a free market economy and also referred to as capitalism.
What is the opposite of free market?
A free market economy
Is Egypt a market economy?
Egypt is a free market economy.
Does Singapore have a command or free market economy?
A 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.
What kind of economy does Hong Kong have?
a free economy with few goverment regulations
List of free-market economy countries?
there are no pure market economies today. Even the U.S government, which is commonly known as a market economy, still has some control over decisions.
Does Germany have a free market economy?
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.
