1. An economic system in which prices are determined by supply and demand with minimal government intervention, allowing businesses and consumers to make decisions based on market forces.
The United States operates largely as a free market economy with limited government regulation.
Os Estados Unidos funcionam largamente como uma economia de mercado livre com regulamentação governamental limitada.
2. A capitalist economic model where private ownership and competition drive economic activity rather than central planning.
Advocates of the free market economy argue it promotes innovation and efficiency.
Os defensores da economia de mercado livre argumentam que ela promove inovação e eficiência.