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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
Related terms
Gross Domestic Product (GDP), Mathematical analysis of perception and preference (MAPP), Franchising, Me-too, Emotional selling preposition (ESP), Australian Medical Association (AMA), Infant, Market entry, Reimbursement, Procurement officer/manager, Multi-brand strategy, Oligopsony, Blanket coverage, Customised marketing mix, Positioning,
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