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free mar·ket noun an economic system in which prices are determined by unrestricted competition between privately owned businesses. By that definition, the bla
by irishcoffee 12y ago
free mar·ket
noun
an economic system in which prices are determined by unrestricted competition between privately owned businesses.
By that definition, the black market is a free market. You could argue about the word 'unrestricted' but I doubt you'd change my mind.
- mattstreet 12y agoThe competition is limited to entities willing to break the law and deal with other people doing the same.
- irishcoffee 12y agoThat doesn't really say anything at all. The bakery competition is limited to people who want to run a bakery. The beer store market is limited to people who want to run beer stores. Breaking the law obviously isn't an issue for people in drug industry.