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Who was known as the father of the free market economy?

Anonymous

∙ 12y ago

Updated: 8/22/2023

American economist Milton Friedman is known as the father of the free market principle.

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∙ 12y ago

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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 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 Egypt a market economy?

Egypt is a free market economy.

Related Questions

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 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 Egypt a market economy?

Egypt is a free market economy.

Does Singapore have a command or free market economy?

A market economy

What kind of economy does Hong Kong have?

a free economy with few goverment regulations

What is the system of free enterpirise called?

Free enterprise is also known as a free market economy and also referred to as capitalism.

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.

What type of economy does Panama have?

Panama's economic system is a free-market economy.

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