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what is a free market
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Asked 9/11/2010 1:42:53 PM
Updated 12/27/2014 6:55:56 AM
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Flagged by alfred123 [12/27/2014 6:55:28 AM]
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User: what is a free market





Weegy: The free market and the free price system make goods from around the world available to consumers.
Expert answered|itolduso|Points 7295|

Question
Asked 9/11/2010 1:42:53 PM
Updated 12/27/2014 6:55:56 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by alfred123 [12/27/2014 6:55:28 AM]
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A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
Added 12/27/2014 6:55:56 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [12/27/2014 1:40:26 PM]
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A free market is a market without economic intervention and regulation by government except to enforce ownership ("property rights") and contracts. It is the opposite of a controlled market, where the government regulates how goods, services and labor are used, priced, or distributed. Advocates of a free market traditionally consider the term to imply that the means of production is under private, not government control as well. This is the contemporary use of the term "free market" by economists and in popular culture; the term has had other uses historically.
Added 9/12/2010 2:22:25 AM
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