1 definition by conservative2

Noun:

An economic system in which prices are determined by unrestricted competition between privately owned businesses.
Man: I am glad I live in a free market society. If one place costs to much then I can go to another.

Obama: But wouldn't it be better if all prices charged the same?

Man: No, because whoever controls that price can change it to whatever the hell they want.
by conservative2 February 11, 2012

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