Economics

Free Market

Free Market

Free Market is a open market, where buyers and sellers can make the deals they wish to make without any interference, except by the forces of demand and supply. It is sometimes used as a synonym for laissez-faire capitalism. Free Market is an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation of monopolies. It is typically entails support for highly competitive markets and private ownership of productive enterprises.