What’s the difference between ‘free markets’ and markets?
People refer to free markets all the time – what are they really talking about?
The Market is just the economy. Free Markets mean little or no restrictions on what you can do in the economy. A free market is the opposite of a controlled or planned market, where the government makes the decisions about who can buy and sell what, and what prices will be. A free market lets people make the decisions they want to about buying and selling.
So if you hear someone say "Let the free market work" or something like that, what they’re saying is "Don’t make a bunch of rules that get in the way, just let the natural buying and selling work itself out."
December 15th, 2009 at 10:23 am
The Market is just the economy. Free Markets mean little or no restrictions on what you can do in the economy. A free market is the opposite of a controlled or planned market, where the government makes the decisions about who can buy and sell what, and what prices will be. A free market lets people make the decisions they want to about buying and selling.
So if you hear someone say "Let the free market work" or something like that, what they’re saying is "Don’t make a bunch of rules that get in the way, just let the natural buying and selling work itself out."
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