FREE MARKET SYSTEM

Free Market System

Free Market System

Introduction

You can define the free market as the system in which the price of goods or services is agreed by consent between sellers and consumers, through the laws of supply and demand. It required for implementation of the existence of "free" competition, which in turn requires that participants in a business transaction has no coercion or fraud, etc., or, more, that all transactions are voluntary.

Discussion

The term free market economy is used in two usual ways: as a policy proposal, in turn with two senses: first as a desideratum or prescription of ...