3 ms·
The "free" in "free market" refers in part to free flow of information. Surfacing information about prices is kind of the point of a market. It's a mechanism
by carapace 3y ago
The "free" in "free market" refers in part to free flow of information. Surfacing information about prices is kind of the point of a market. It's a mechanism that assigns prices "automatically" (as contrasted with central planning, etc.)
I don't know much about economics but I know, or think I know, that much.)
- ahoka 3y agoMore generically, free from economic rent.