Definition of Free Market Economy

Definition: A free market economy is an economy in which the allocation for resources is determined only by their supply and the demand for them. This is mainly a theoretical concept as every country, even capitalist ones, places some restrictions on the ownership and exchange of commodities.

Terms related to Free Market Economy / Free Market Economies:

• Market Failure
• Industrialization
• Private Sector

About.Com Resources on Free Market Economy / Free Market Economies:

• How Markets Use Information To Set Prices
• A Mixed Economy: The Role of the Market
• Free Enterprise and the Role of Government in America

Writing a Term Paper? Here are a few starting points for research on Free Market Economy / Free Market Economies:

Books on Free Market Economy / Free Market Economies:

• Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't
• Free Market Environmentalism
• Free Market Madness: Why Human Nature is at Odds with Economics

Journal Articles on Free Market Economy / Free Market Economies:

• Singapore's Success: The Myth of the Free Market Economy
• Using the Market for Social Development
• An evaluation of ten years of Chile's experiment with free-market policies, 1973-1983