Murray N. RothbardFree-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.
About This Quote
Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. This quote describes the basic idea of free-market capitalism. It is a system where prices are set by suppliers and consumers negotiate freely with one another to determine how much they are willing to pay. A free market is not a place where everything is given away for free.
The free market relies on the concept of individuals making voluntary exchanges with one another. As long as both parties make an effort to understand one another’s needs and values, transactions can be mutually beneficial.
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