What is another word for free economies?
Pronunciation: [fɹˈiː ɪkˈɒnəmɪz] (IPA) 
A free economy is a system that is not governed by heavy regulations, where the government does not interfere with the law of supply and demand. In essence, it is an economy where individuals are free to produce, trade, consume, and invest as they choose. Some synonyms for free economies include liberal economies, open economies, market economies, capitalist economies, and free-market economies. In a liberal economy, the individual is given the freedom to operate without any kind of government control. An open economy is one where businesses are allowed to operate with little or no tariffs. A market economy is one where supply and demand dictate prices. Finally, a capitalist economy is one where individuals take risks to earn profits.
