The free market economy is not planned, controlled or REGULATED by the government. The government satisfies community or collective wants, but does not compete with PRIVATE firms; nor does it tell the people where to work or what to produce.

The completely free market economy, however, is an abstract system rather than a real one Today, even the so-called market economies like the United States, Japan, Australia, CANADA and MEMBER countries of the EEC are subject to a NUMBER of government regulations.

The free market economy is not planned, controlled or regulated by the government. The government satisfies community or collective wants, but does not compete with private firms; nor does it tell the people where to work or what to produce.

The completely free market economy, however, is an abstract system rather than a real one Today, even the so-called market economies like the United States, Japan, Australia, Canada and member countries of the EEC are subject to a number of government regulations.