An economic system where private ownership, profit moti ve, and market competition play central roles, facilitating individual and corporate economic gain.
A free and open market is a type of market where prices for goods and services are determined by the unrestricted interplay of supply and demand, as opposed to a controlled market where prices and supplies are regulated.
A free market is an economic system characterized by minimal or no government intervention, where prices are determined by supply and demand dynamics. It's an environment where transactions between buyers and sellers are governed primarily by mutual consent without external pressures from monopolies, cartels, or collusive oligopolies.
Laissez-faire is a doctrine that advocates minimal government intervention in business and economic affairs, allowing for free market forces to dictate economic outcomes.
An economic principle that states the price of a good is determined by the relationship between its supply and demand in a free market. Adjustments in supply or demand lead to changes in price to reach market equilibrium.
A market economy is an economic system in which the production and prices of goods and services are determined by competition among privately owned businesses.
Pure Capitalism is an economic system where the principles of capitalism operate unfettered by any limiting factors such as government control or interference. In this system, the government's role is minimal, performing only those functions that cannot be undertaken by any other entity.
A pure-market economy is an economic system in which the forces of supply and demand determine the production, distribution, and consumption of goods and services, with little to no government intervention.
