ash78 ash78
  • 11-02-2016
  • English
contestada

why is the term free market often a misnomer

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WorldCitizen WorldCitizen
  • 11-02-2016
"Free market", if understood literately, would be a market without any intervention from the government, where all the goods produced and their prices are decided by supply and demand.

However, in practice a fully free market doesn't exist - the governments usually control at least some parts of the marker, for example by prohibiting dangerous objects.

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