A free market is a market where the price of a good or service is, in theory, determined by supply and demand, rather than by governmental regulation. A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.
Although in contemporary usage free markets are commonly associated with capitalism, free markets have been advocated by socialists and have been included in various different proposals for market socialism.
Read more about Free Market: Overview, Studies, Misconceptions, Criticisms
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... An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned ... and allow the natural regulations and incentives of the free market to pick the winners and losers in our economy, not the whims of bureaucrats and politicians." Nicole Gelinas, a writer ... a volatile public...In saving the remnants of failed companies from free-market failures, Washington may be sacrificing the public’s confidence that the government can ensure that free markets are reasonably fair ...
... calling the United States system “socialism for the rich and free enterprise for the poor”, and Martin Luther King, Jr ... Since at least 1969, Gore Vidal used the expression “free enterprise for the poor and socialism for the rich” to describe the U.S ... as “a kind of socialism for the rich and free enterprise for the poor that leaves the most vulnerable out in the cold” ...
... See also Social Darwinism The free market is believed to self-regulate in the most efficient and just way ... Adam Smith described this behavior applied to competitive markets with the metaphor of an invisible hand urging society towards prosperity ...
... Turgot followed members of an early version of free market economics emerging in France at the time, inspired by Confucian teachings, known as Physiocracy ... Vincent de Gournay was the free market Intendant for Commerce and he and Turgot spent extensive time together ... He had worked to implement free market reforms on a local scale ...
... The free market lists securities that meet all general conditions for listing ... Securities are listed on the free market segment if required by the issuer or by the law ... publicly offered shares are listed on the free market after registration with the Central Registry of Securities ...
Famous quotes containing the words market and/or free:
“... married women work and neglect their children because the duties of the homemaker become so depreciated that women feel compelled to take a job in order to hold the respect of the community. It is one thing if women work, as many of them must, to help support the family. It is quite another thing—it is destructive of woman’s freedom—if society forces her out of the home and into the labor market in order that she may respect herself and gain the respect of others.”
—Agnes E. Meyer (1887–1970)
“The bad thing is that thinking about thought doesn’t help at all; one has to have it from nature so that the good ideas appear before us like free children of God calling to us: Here we are.”
—Johann Wolfgang Von Goethe (1749–1832)