Free Market

(redirected from Unregulated market)
Also found in: Dictionary.

Free Market

A system of economics that minimizes government intervention and maximizes the role of the market. According to the theory of the free market, rational economic actors acting in their own self interest deal with information and price goods and services the most efficiently. Government regulations, trade barriers, and labor laws are generally thought to distort the market. Proponents of the free market argue that it provides the most opportunities for both consumers and producers by creating more jobs and allowing competition to decide what businesses are successful. Critics maintain that an unfettered free market concentrates wealth in the hands of a few, which is unsustainable in the long term. In practice, no country or jurisdiction has a completely free market. See also: Deregulation, Classical economics, Keynesian economics, Marxism, Monetarism, Chicago School, Austrian School.
References in periodicals archive ?
There is such a thing as market failure, a situation where unregulated market transactions result in waste.
A senior analyst at Strategy& told the Special Report: "As a result of an unregulated market, district cooling has not been used sufficiently where it is appropriate, and it has been used where it is inappropriate.
In this study, we investigate these issues studying a conglomerate that operates both in a regulated and an unregulated market.
This unregulated market created in March 2012 is devoted to SMEs.
We have sat through meetings galore with councillors and planners, hoping to persuade the council to take some action to control a largely unregulated market.
Abdul Karim Arefi from Tabiat (nature) bottled water manufactures calls competition from the unregulated market "one of the biggest challenges" that investors in the business face.
MTH is in an unregulated market segment, where investors are at the mercy of the main shareholder, Rasinger said.
But we need to wait and see how individual owners and property management companies will move forward in an unregulated market," said Vovikova, managing director of Vesta Real Estate Management.
Frankly it's an unregulated market and that would be a big policy change for global regulators to decide that FX needed to be a regulated market.
The polemic around the issue of energy market structure, on whether it should be regulated or not, has become more fierce, although it is impossible for an unregulated market to get the funds it needs to develop large-scale projects, be they nuclear or conventional.
The value of the unit will likely drop in unregulated market transactions as a result, while food prices are likely to spike, ensuring that consumer price inflation remains elevated in 2013.
4 billion in March, leading to the emergence of an unregulated market for dollars.