upcarta
  • Sign In
  • Sign Up
  • Explore
  • Search

# Free market

Follow
1 Follower
In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a f...

In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal 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.
Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those forces to operate to control productive output and distribution. Although free markets are commonly associated with capitalism in contemporary usage and popular culture, free markets have also been components in some forms of socialism.Criticism of the theoretical concept may regard systems with significant market power, inequality of bargaining power, or information asymmetry as less than free, with regulation being necessary to control those imbalances in order to allow markets to function more efficiently as well as produce more desirable social outcomes.

Show More
Overview Content 87 Creators 31
 Content
See all
  •  Most Recommended
  • Following
  • Recent
  • The Disappearing Japanese Bid for Global Bonds
    • Article
    • by
      Alex Etra , Brad Setser
    • Jan 17, 2023
  • Thread by Bob Elliott: While it may be difficult to predict the public markets in '23, it is pretty easy to figure out that Venture Funds are on track to lose $1 trillion in value from peak. The vast majority of these losses have yet to be recognized. '23 will bring more
    • Tweet
    • by
      Bob Elliott
    • Dec 31, 2022
  • Data-Driven Investing Strategies | AngelList Confidential 2022
    • Video
    • by
      Tomasz Tunguz , Collin West , Kevin Laws
    • Nov 18, 2022
  • 20 Sales: Scaling Retool to $50M in ARR; The Top Sales Tips and Lessons, How Sales Leaders Should Change Goals and Quotas in Harder Markets and What Reps Can Do To Ensure They Hit Their Numbers in These Markets with Eleanor Dorfman, Sales Leader @ Re
    • Podcast episode
    • by
      Harry Stebbings , Eleanor Dorfman
    • Sep 14, 2022
  • 9-Chart Sunday (9/4/22)
    • Article
    • by
      Charlie Bilello
    • Sep 4, 2022

You can submit a missing content, profile or collection under Free market.
  • Relevant Creators
  • Dan Nathan
    Follow
  • Guy Adami
    Follow
  • Danny Moses
    Follow
  • Tomasz Tunguz
    Follow
  • Ross L. Stevens
    Follow
  • See all related creators
Related Topics
Bitcoin Money Economics Cryptocurrency Technology Investment Business Politics Marketing Central Bank
Deep dive into your favorite topics

Join to see curated content, creators and collections from your favorite topics.

Sign in with Twitter
  • upcarta ©2023
  • Home
  • About
  • @upcarta