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Why is it called "free market" and not "free economy"

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peachmat posted on Wed, Jan 20 2010 2:39 PM

Just wandering.

Is is a synonym?? 

Second question: i was wandering are there any synonyms for "free market

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I suppose you could use the two interchangeably, but "free market" emphasizes the importance of unrestricted and unhampered operation of market processes. As for synonyms, you could use:

"The free-enterprise system"


"Unhampered market"


"Natural Order"


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because there is a mundane understanding of what a market is (that place where people go to do trades;commonly experienced) whereas what is the mundane understanding of 'economy' (it's an abstract concept) ?

Here is a list of some 'near enough' synonyms that you might come across.

capitalism,free enterprise, free market, laissez faire economy, private enterprise economy,free-enterprise economy, open market,self-regulating market ,competitive market,free trade ,open trade

plus the Brights suggestion Stick out tongue

I have a soft spot for unhampered market myself, that and capitalism

Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid

Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring

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As long as you are making a list, you can probably toss in "spontaneous order" as well.

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Marko replied on Wed, Jan 20 2010 4:05 PM

Voluntary exchange would be good if it weren't a bit of a mouthful.

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replied on Fri, Jan 22 2010 4:57 AM

why dont you call it what you feel comfortable calling it.

if those you are speaking to dont understand it then if they feel you are worth asking they will ask for claification...or call you an idiot.

plenty of online resources for synonyms.


go to it.

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