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Healthcare Glossary

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Free market economy

An economy in which forces of supply and demand are allowed to operate unhampered by government or other regulations. A market economy is an economy in which the costs of goods and services are calculated in a free price system. This is contrasted with a fixed price system.

See also:
International marketing
Distribution
Gross Domestic Product

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Related terms

Corporate reputation, Dichotomous question, Key opinion leader (KOL), Capital, Mathematical analysis of perception and preference (MAPP), List price, Infant, Buzz, Brand extension , Situation analysis, Long term value (LTV), Neuromarketing, Emotional selling preposition (ESP), Ansoff Matrix, Direct marketing,

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