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Results tagged with free-market
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user 26146
A free market is an idealized model of a market that is unencumbered government interference (e.g., price/quantity/quality control, taxes on goods, legal restrictions on entering the market, antitrust laws) beyond enforcement of contracts and private property rights. It may also refer to real world circumstances that approximate these conditions.
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Understanding distortions in investment in human capital
I am currently reading Economics of The Colour Bar by WH Hutt, and I'm having trouble understanding this bit he has written: “But when the price of any commodity is raised above the free market level, …
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