The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions. Based on its political and legal rules, a country’s free market economy may range between very large or entirely black market.

Investopedia Definition

Market economies assume price reflects value. Buyers choose to purchase the goods and services that give the most value for the lowest cost. Supposedly…

Kevin Cox

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