| | Free market - Wikipedia, the free encyclopedia |
 | | In economics and politics, a free market is a controversial concept of an idealised economic system and political environment wherein exchanges are "free" of coercive measures such as tariffs, excess taxation, regulations, and restrictions —particularly in regard to rectifying differences in labour laws. |
 | | Since no national economy in existence fully manifests the ideal of a free market as theorized by economists and ethicists, the term "free market economy" is used for a nation state's economy that approximates the ideal by virtue of having a government that engages in little or no interventionist economic regulation. |
 | | In Europe, the term 'liberalism' retains its connotation as the ideology of the free market, but in American usage it came to be associated with government intervention, and acquired a pejorative meaning for supporters of the free market. |
| en.wikipedia.org /wiki/Free_market (2257 words) |