Examples of free market in theworld?

Answer 1

Strictly speaking, there are almost no truly free markets in the world. This is because, to one extent or another, the governments of countries regulate their economies and apply restrictions to them; e.g., banning illegal drugs, setting quality requirements on companies, minimum wage laws, even taxation. This is not necessarily a bad thing (in many cases it is, but I'm not going to go there).

America is the economy most often pointed to as the 'free market capitol of the world', and it certainly was for many years, but in fact today it is becoming as regulated as the European countries, which are approaching socialism (in which the government controls large enough portions of the market that it can no longer be called free).

The best examples today would probably include Israel, Singapore, and New Zealand.