The-definition.com

Definition

Free market economy

Free market economy is an economic system in which resources are primarily owned and controlled by the private sector.

Share it:  Cite

More from this Section

  • Strategies
    Strategies refers the plans for how an organization will do what it’s in business to ...
  • Multidomestic Corporation
    Multidomestic Corporation, which decentralizes management and other decisions to the local ...
  • Theory Y
    Theory Y is a positive view which assumes that employees are creative, enjoy work, seek ...
  • Golden Handcuffs
    A form of executive compensation is deferred. ...
  • Strategic thrusts
    Strategic thrusts provide managers with information that helps them determine whether ...