My definition is pretty simple, but it may surprise you if you think regulations go against a free market. To me, a free market is one that is transparent and has low transaction costs. And I think this is only possible if it is well regulated by an authority or government.
My definition is pretty simple, but it may surprise you if you think regulations go against a free market. To me, a free market is one that is transparent and has low transaction costs. And I think this is only possible if it is well regulated by an authority or government.