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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

Chief Medical Officer (CMO), Defining Advertising Goals for Measured Advertising Response (DAGMAR), Opportunity cost, Personal selling, Global marketing, Gross Domestic Product (GDP), Added value, Market leader, Brand strategy, Relative market share, Brand revitalisation, Launch, Repositioning, PESTLE, Media planning,

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