Free market

A free market is a market economy system in which the prices for goods and services are set freely by consent between vendors 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. It is a result of a need being, then the need being met. A free market contrasts with a regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or price fixing. In a free-market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy, and it typically entails support for highly competitive markets and private ownership of productive enterprises.

Although free markets are commonly associated with capitalism in contemporary usage and popular culture, free markets have also been advocated by free-market anarchists, market socialists, and some proponents of cooperatives and advocates of profit sharing.

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PLAYLIST TIME:

Free Market

by: Proclaimers

Your heart's just missed another beat
The ground's still moving neath your feet
Your mouth is dry, your eyes are sore
There is nothing certain anymore
You thought that History was dead,
Well it's just whacked you on the head
It took your money, and you're right
It's coming back to take your pride
Golden days are just a memory
But that's all right cos the market is still free,
The market's free.
Survival of the fittest is a swizz
Law of the jungle is what it is
I hope you still think it's OK
Now it's you who are the prey
Golden days are just a memory
But that's all right cos the market is still free,
The market's free.
Free marketeers were on a roll
Rolling in silver and in gold
But then the market grew too cold
So they held out the begging bowl
Golden days are just a memory
But that's all right cos the market is still free,
The market's free.
You thought that History was dead




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