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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

Market penetration strategy, Convenience sampling, Customer lifetime value (CLV), Price maker, Narrowcasting, Boston matrix, Consumer, Asset-led marketing, Demand bias, Terms and conditions of sale, Environmental set, Strategic business unit (SBU), Key account management, Procurement officer/manager, Brand management ,

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