An economic and political system whereby the means of trade and commerce is controlled by private individuals and companies conducting trade and commerce on a voluntary basis with the goal of bringing profits to those involved.
Continue ReadingA system where government influence upon the prices of goods and services are nonexistent. Prices and values of these items are determined by the forces of supply and demand. Competition is key to the pricing of goods and the development of more efficient production methods.
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When the people fear the government there is tyranny, when the government fears the people there is liberty.
- John Basil Barnhill