Markets

Trade is volunteering to exchange one thing for another. Trade increases the wealth of both parties because they are both exchanging something that they have… Read More »What is trade?

It depends on what you mean by ‘capitalism’. ‘Good’ capitalism is the ability to trade in free markets and build wealth by keeping what you… Read More »Is this about capitalism?

A free market is a market without barriers to entry, in which anyone is free to make offers, receive offers, select trading partners and trade… Read More »What is a ‘free market’?

No. ‘Free trade’ is a type of trade policy between countries (which can be unfair when one country has significant economic power over the other).… Read More »Is this about ‘free trade’?

A market is a set of choices. If you have free choice of alternatives, you have a market. The alternatives to a market are: a… Read More »What is a market?