Printer Friendly
The Free Dictionary
1,034,798,367 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Free Market
(redirected from Free market economics)

    Also found in: Wikipedia, Hutchinson 0.04 sec.
Free Market
A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sells are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.

In financial markets, free market stocks are securities that are widely traded and whose prices are not affected by availability.

In foreign-exchange markets, it is a market where exchange rates are not pegged (by government) and thus rise and fall freely though supply and demand for currency.

Notes:
In simple terms, a free market is a summary term for an array of exchanges that take place in society. Each exchange is a voluntary agreement between two parties who trade in the form of goods and services. In reality, this is the extent to which a free market exists since there will always be government intervention in the form of taxes, price controls and restrictions that prevent new competitors from entering a market. Just like supply-side economics, free market is a term used to describe a political or ideological viewpoint on policy and is not a field within economics.


?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
This group has developed a strategy for the wholesale reform of the country's economy based on free market economics.
EGYPT - The Rise Of Gamal Mubarak's Technocrats by APS Review Downstream Trends
The most important element of post-war conservatism has been the free market economics of a Milton Friedman or an Alan Greenspan, both Jews, but free market economics is not a variant of neo-conservatism.
Jews and American conservatism by Shapiro, Edward S. / Modern Age
Today in our hemispherex after over a decade of supposed free market economics and democratic government, there are still eighty million people who live on less than $2 per day.
Poverty and globalization by Hrinak, Donna / The National Interest
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.