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.
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Some articles on free market:
... for calling the United States system “socialism for the rich and free enterprise for the poor”, and Martin Luther King, Jr ... characterized as “a kind of socialism for the rich and free enterprise for the poor that leaves the most vulnerable out in the cold” ... Linguist Noam Chomsky has criticized the way in which free market principles have been applied ...
... 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 ... privatization process and publicly offered shares are listed on the free market after registration with the Central Registry of Securities ...
... An essential element of a healthy free market, is that both success and failure must be permitted to happen when they are earned ... 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 ... 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 ...
Famous quotes containing the words market and/or free:
“Forbede us thing, and that desiren we;
Preesse on us faste, and thanne wol we flee.
With daunger oute we al oure chaffare:
Greet prees at market maketh dere ware,
And too greet chepe is holden at litel pris.”
—Geoffrey Chaucer (1340?1400)
“Opinions are not to be learned by rote, like the letters of an alphabet, or the words of a dictionary. They are conclusions to be formed, and formed by each individual in the sacred and free citadel of the mind, and there enshrined beyond the arm of law to reach, or force to shake; ay! and beyond the right of impertinent curiosity to violate, or presumptuous arrogance to threaten.”
—Frances Wright (17951852)