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1. Dictionary

   Mar·ket

   /ˈmärkət/

   

   noun

   • 1. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities: "farmers going to market"
   • ▪ an open space or covered building where vendors convene to sell their goods. Similar shopping centermarketplacemartretail outletflea marketfairbazaarpiazzaplazasoukhistorical:agoraarchaic:emporium
   • 2. an area or arena in which commercial dealings are conducted: "the labor market"
   • ▪ a demand for a particular commodity or service: "there is a market for ornamental daggers" Similar demandcallwantdesireneedrequirement
   • ▪ the state of trade at a particular time or in a particular context: "the bottom's fallen out of the market" Similar tradetradingbusinesscommercebuying and sellingdealing
   • ▪ the free market; the operation of supply and demand: "future development cannot simply be left to the market"
   • ▪ a stock market: "the sale of the company's shares on world markets"

   verb

   • 1. advertise or promote (something): "the product was marketed under the name “aspirin.”"
   • ▪ offer for sale: "sheep farmers are still unable to market their lambs"
   • ▪ buy or sell provisions in a market: "some people liked to do their marketing very early in the morning"

   Word Origin Middle English, via Anglo-Norman French from Latin mercatus, from mercari ‘buy’ (see also merchant).

   Scrabble Points: 12

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   • K

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   • E

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2. People also ask

   How does a free market work?

   • Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations.

   Free market - Wikipedia

   en.wikipedia.org/wiki/Free_market

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   What is a free market economy?

   • Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions. Based on its political and legal rules, a country's free market economy may range between very large or entirely illegal.

   Free Market Definition & Impact on the Economy - Investopedia

   www.investopedia.com/terms/f/freemarket.asp

   See all results for this question

   What is the opposite of a free market?

   • The opposite of a free market is a planned economy or a command economy. In such an economic system, the government controls most or all of the means of production and distribution of wealth. The government may also dictate prices of goods, services, and labor. What Is an Example of Voluntary Exchange in Everyday Life?

   Free Market Definition & Impact on the Economy - Investopedia

   www.investopedia.com/terms/f/freemarket.asp

   See all results for this question

   How do you know if a market is free?

   • A market is free if people can buy and sell whatever they want without any interference from a government, and if prices are set by supply and demand. Supply is how much of a product (both goods like Pringles and services like open-heart surgery) is being sold. Demand is how much of that product is being bought.

   What is a free market? — Economy

   www.ecnmy.org/learn/your-economics/economic-glossary/what-is-a-free-market/

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3. www.investopedia.com › terms › fFree Market Definition & Impact on the Economy - Investopedia

   www.investopedia.com › terms › f

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   Jan 25, 2024 · A free market is an economic system based on supply and demand with little or no government control. Learn how free markets are measured, how they relate to capitalism and individual liberty, and what are some common constraints and examples of free markets.

4. www.britannica.com › money › free-marketFree market | Definition, Examples, & Facts | Britannica Money

   www.britannica.com › money › free-market

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   May 3, 2024 · Free market is an unregulated system of economic exchange, where self-interested actors make free decisions that benefit society. Learn about the pros and cons of free market, the conditions for Pareto-efficiency, and the criticisms and responses from economists and ethicists.

5. en.wikipedia.org › wiki › Free_marketFree market - Wikipedia

   en.wikipedia.org › wiki › Free_market

   • Cached

   For classical economists such as Adam Smith, the term free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.

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7. www.ecnmy.org › what-is-a-free-marketWhat is a free market? — Economy

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   A free market is a system where prices are determined by supply and demand without government intervention. Learn the pros and cons of free markets, and how they differ from other types of markets.

8. corporatefinanceinstitute.com › free-marketFree Market - Overview, Characteristics, Benefits and Drawbacks

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   A free market is an economic system where private ownership and voluntary exchange prevail, with minimal government intervention. Learn the pros and cons of a free market, and how it differs from a command economy and a mixed economy.

9. www.merriam-webster.com › dictionary › free marketFree market Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › free market

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   May 9, 2024 · Learn the meaning of free market, an economy operating by free competition, with examples and word history. See also related words and entries, and play word games and quizzes.

10. www.thoughtco.com › free-market-economy-definitionWhat Is a Free Market Economy? - ThoughtCo

    www.thoughtco.com › free-market-economy-definition

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    May 5, 2019 · A free market economy is one that is governed by supply and demand with no governmental influence. Learn about its characteristics, pros and cons, and how it differs from other economic models.