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In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated ...
Free will is the capacity or ability to choose between different possible courses of action. [ 1] Free will is closely linked to the concepts of moral responsibility, praise, culpability, and other judgements which apply only to actions that are freely chosen. It is also connected with the concepts of advice, persuasion, deliberation, and ...
Freedom is the power or right to speak, act and change as one wants without hindrance or restraint. Freedom is often associated with liberty and autonomy in the sense of "giving oneself one's own laws". [ 1] In one definition, something is "free" if it can change and is not constrained in its present state. Physicists and chemists use the word ...
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold ...
Free fall. In classical mechanics, free fall is any motion of a body where gravity is the only force acting upon it. In the context of general relativity, where gravitation is reduced to a space-time curvature, a body in free fall has no force acting on it. An object in the technical sense of the term "free fall" may not necessarily be falling ...
Free-rider problem. In economics, the free-rider problem is a type of market failure that occurs when those who benefit from resources, public goods and common pool resources do not pay for them [1] or under-pay. Examples of such goods are public roads or public libraries or other services or utilities of a communal nature.
Free good. A free good is a good that is not scarce, and therefore is available without limit. [ 1][ 2] A free good is available in as great a quantity as desired with zero opportunity cost to society . A good that is made available at zero price is not necessarily a free good. For example, a shop might give away its stock in its promotion, but ...
"Free and open-source software" (FOSS) is an umbrella term for software that is simultaneously considered both free software and open-source software. [5] The precise definition of the terms "free software" and "open-source software" applies them to any software distributed under terms that allow users to use, modify, and redistribute said software in any manner they see fit, without requiring ...