free-market
Capitalism without intervention
Free-market describes an economic system where prices, production, and distribution are determined by supply and demand rather than government control.
The term often carries ideological weight, championed by those who favor minimal regulation: free-market capitalism, free-market principles.
As a noun without the hyphen, a free market is such an economic environment: Let the free market decide.
Noninterference in commerce
- neoliberalismPro-market, anti-regulation ideology
- capitalismPrivate profit-based economy
- libertarianismMinimal-government political philosophy
- monetarismEconomic focus on currency regulation
supply-side · Hayek · Reaganomics · Thatcherism · individualism · self-interest · voluntarism
Removing governmental business restrictions
- privatizationState sells public assets
- liberalizationReducing state economic controls
- antitrustAgainst corporate market dominance
- bureaucracyRigid administrative system
oversight · compliance · protectionism · subsidy · licensing · zoning · nationalization
Ongoing contest between opponents
- innovationCreating something original
- differentiationRecognizing meaningful differences
- entrepreneurshipCreating and managing ventures
- efficiencyProductive without waste
Independent decision-making capacity
- choiceAct of selecting
- self-determinationControl over one's fate
- consentVoluntary agreement given
- noninterventionPolicy of staying uninvolved
Worldwide economic and cultural integration
- tariffsTaxes on imports
- importObtain from overseas
- exportForeign-bound sale
- NAFTAContinental free-commerce bloc
WTO · commerce · exchange · outsourcing · offshoring · protectionism · specialization · cross-border
laissez-faire
Noninterference in commerce
- neoliberalismPro-market, anti-regulation ideology
- capitalismPrivate profit-based economy
- libertarianismMinimal-government political philosophy
monetarism · supply-side · Hayek · Reaganomics · Thatcherism · individualism · self-interest · voluntarism
deregulation
Removing governmental business restrictions
- privatizationState sells public assets
- liberalizationReducing state economic controls
- antitrustAgainst corporate market dominance
bureaucracy · oversight · compliance · protectionism · subsidy · licensing · zoning · nationalization
rivalry
Ongoing contest between opponents
- innovationCreating something original
- differentiationRecognizing meaningful differences
- entrepreneurshipCreating and managing ventures
autonomy
Independent decision-making capacity
- choiceAct of selecting
- self-determinationControl over one's fate
- consentVoluntary agreement given
nonintervention · self-reliance · empowerment · agency · uncoerced
globalization
Worldwide economic and cultural integration
NAFTA · WTO · commerce · exchange · outsourcing · offshoring · protectionism · specialization · cross-border · multinational
- conservatismconservative, traditionalism, fiscal conservative, small government, family values
- political ideologiesconservatism, conservative, anarchism, liberalism, liberal
free-marketcommand economy
State-controlled economic system
planned economy · state-controlled · regulated · interventionist · statist
free-marketsocialist
Proponent of collective ownership
communist · collectivist · state-owned · nationalized · public-sector
free, market, freedom, marketing, supermarket, marketplace, mart, marketer, marketability