what is a free market system?
a system in which the prices for goods and services are determined by the open market and consumers
are they commondly associated with capitalism?
yes
are prices set freely?
yes
by?
the forces of supply and demand
can the government intervene?
no
is free market and regulated market the same?
no
what is a regulated market?
a government intervenes in supply and demand
what principle is mentioned?
tariffs
what is laissez-faire?
expresses a preference for an absence of non-market pressures on prices and wages
from?
discriminatory government taxes,
anything else?
Yes
what?
, subsidies,
and?
tariffs
aret there more?
yes
please mention them.
regulations of purely private behavior, or government-granted or coercive monopolies.
who argued about about the goal being preservation?
Friedrich Hayek
in what?
of the unique information contained in the price itself.
did he write a paper or thesis about it?
yes
called?
"The Pure Theory of Capital
are free markets popular?
no