A free market is a market where the price of a good or service is, in theory, determined by supply and demand, rather than by governmental regulation. A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.
Although in contemporary usage free markets are commonly associated with capitalism, free markets have been advocated by socialists and have been included in various different proposals for market socialism.
Read more about Free Market: Overview, Studies, Misconceptions, Criticisms
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“Partisanship should be kept out of the pulpit.... The blindest of partisans are preachers. All politicians expect and find more candor, fairness, and truth in politicians than in partisan preachers. They are not replied to—no chance to reply to them.... The balance wheel of free institutions is free discussion. The pulpit allows no free discussion.”
—Rutherford Birchard Hayes (1822–1893)
“I refuse to be. In
the madhouse of the inhuman
I refuse to live.
With the wolves of the market place
I refuse to howl ...”
—Marina Tsvetaeva (1892–1941)