Geography

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In simple terms can you please explain to me what free market capitalism means? All the definitions are confusing and I don't understand them. Thank you for your help.

  • Geography -

    free market capitalism? Prices are set by demand and supply alone, with no artificial price or demand restrictions.

  • Geography -

    Think of a lemonade stand run by kids. If they charge ten cents a glass, they'll probably sell a lot of lemonade. But if they raise the price to $1.00 a glass, they probably won't have many customers.

    That's free market capitalism. The merchant decides what price to charge for his product in order to make the most profit.

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