conservative2's definitions

free market

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 March 28, 2012