The free market, free market or liberal market (these terms begin to be in disuse, replacing them with market economy) is the system in which the price of goods is agreed upon by consent between sellers and buyers, through laws of supply and demand. Requires for its implementation of the existence of free competition, which in turn requires that among the participants of a commercial transaction there is no coercion, no fraud, etc, or, more generally, that all transactions are voluntary.
