Free Markets

Free Markets are economic systems based on supply and demand, with little or no government intervention. A self-regulated system characterized by spontaneous and decentralized order of arrangements, free markets are composed of a majority of companies and properties owned by individuals or entities in the private sector. As most countries’ economies are composed of both free market and command economies, no pure free market economies actually exist. Free markets are a venue of economic exchange wherein taxes, quality controls, quotas, tariffs, and other forms of decentralized economic interventions by the government either do not exist or are minimal.