Difference between revisions of "3. Free market philosophy"

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The Free Market Philosophy, a basic tenet in the modern West, is the idea that if there were to be a free market, everything, supply, demand and prices, would balance out. A free market is an economy where trade is not regulated by the government in anyway like taxes or subsidies.

Revision as of 16:47, 16 February 2015

*History 8 Mesopotamia Vocabulary

The Free Market Philosophy, a basic tenet in the modern West, is the idea that if there were to be a free market, everything, supply, demand and prices, would balance out. A free market is an economy where trade is not regulated by the government in anyway like taxes or subsidies.