asked 155k views
5 votes
Why is the term free market often a misnomer

asked
User Ruanny
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1 Answer

3 votes
"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.

answered
User Vitorlui
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7.8k points
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