Question

Is free competition and free market the same thing?​

Answer 1

A free market system is an economic system based solely on demand and supply, and there is little or no government regulation. ... Because a free market system is based solely on supply and demand, it leads to free competition in the economy, without any intervention from outside forces

Step-by-step explanation:

A free market framework is an financial system based exclusively on request and supply, and there's small or no government control. ... Since a free market framework is based exclusively on supply and request, it leads to free competition within the economy, without any intervention from exterior powers.

Answer 2

Free Market: An economic system in which prices are determined by unrestricted competition between privately owned businesses. ... If you take that view, then a free market implies perfect competition since no market power means zero elasticities. However, most definitions of a free market do not rule our market power.

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