Quote from: Evanescence on October 15, 2012, 04:50 amNo problem man - Your definition is correct, but that describes free market theory. In reality all markets have some regulation.In modern times the free market debates are around things like monopolies. Should Microsoft have been sued for unfair practices? Some people say yes, some say no, but everyone agrees there has to be some level of regulation just to keep the sanity.Seeing as you literally have no idea what you're talking about I'll just quote my post from another thread where someone else had no idea what a free market is (http://dkn255hz262ypmii.onion/index.php?topic=45437.msg497795#msg497795):[Note that the quote was in reply to somebody else, and I'm not bothered editing it to reply to you directly; it serves its purpose just fine without doing so. If you're still confused after reading the entirety of this post, feel free to read my other posts in the thread linked above.]Quote from: grahamgreene on October 02, 2012, 05:56 am[SNIP]The "free market" DOES have a fixed, agreed-upon definition (http://www.investopedia.com/terms/f/freemarket.asp#axzz287EILD8w):"A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.Investopedia explains 'Free Market':In simple terms, a free market is a summary term for an array of exchanges that take place in society. Each exchange is a voluntary agreement between two parties who trade in the form of goods and services. In reality, this is the extent to which a free market exists since there will always be government intervention in the form of taxes, price controls and restrictions that prevent new competitors from entering a market. Just like supply-side economics, free market is a term used to describe a political or ideological viewpoint on policy and is not a field within economics."The fact that there is NO "government intervention in the form of taxes, price controls and restrictions that prevent new competitors from entering a market" means that yes, this is the dictionary definition of a free market.I'm not entirely sure where you studied economics but you should probably look into some way of getting refunded for the substandard schooling you received. ???[SNIP]- grahamgreeneAnd Schmuckk, you were completely correct in your understanding of what a free market actually is.