„Free Market“

What does Free Market stand for?

A market in which there is unrestricted trading of goods with prices determined by supply and demand. Internationally, there is an unrestricted movement of goods in and out , and it is unhampered by the existence of tariffs or other trade barriers.

Source:

Samuelson, P., & Nordhaus, W.D. (2010). Economics. New York: McGraw-Hill.

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