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单词 free market
释义
free market

Geography
  • Essentially, the free market is the price mechanism through which consumers choose goods or services on the basis of their willingness to pay for these. Free market environmentalism is ‘an ideology that argues that the free market is the best tool to preserve the health and sustainability of the environment’ (Davies in R. Kitchin and N. Thrift 2009).


Economics
  • A market in which people buy and sell voluntarily, without legal compulsion. Neither the quantities traded nor the price at which trade takes place are subject to control by third parties. This is not to say that such markets operate without legal regulation: the participants have to conform to laws concerning health and safety, weights and measures, labelling requirements, and so on. The essential point about these rules, however, is that they lay down the basis for property rights and contract law. The actual initiative to trade still lies with the market participants, on both sides.


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