Glossary of Terms

Free Market 2019-08-18 08:00:00

Free Market

A free market is an economic system categorized by the free exchange of goods and services absent of government intervention. In a free market, the laws of supply and demand dictate the flow of capital and individual decision making. While no free markets exist in actuality, economists have widely concluded that a higher level of economic freedom in a particular market is highly correlated with economic well being in that region.