Market: Difference between revisions
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A '''market''' is an abstraction which represents the sum total of all production for exchange, and all [[market exchange]] within a system. [[Capitalism]] is founded upon production for exchange, and so is characterized in part by the presence of a market. | {{alt-lang|portuguese|Mercado}}A '''market''' is an abstraction which represents the sum total of all production for exchange, and all [[market exchange]] within a system. [[Capitalism]] is founded upon production for exchange, and so is characterized in part by the presence of a market. | ||
[[Category:Capitalism]] | [[Category:Capitalism]] | ||
[[Category:Marxist economic concepts]] | [[Category:Marxist economic concepts]] | ||
A "free" market is a mythological concept of a market devoid of [[state]] interference, although the majority of the bourgeoise and right-wingers support government intervention in terms of Bailouts, Subsidies, IP Protection, etc. while still claiming to be proponents of "Free Market Capitalism". | A "free" market is a mythological concept of a market devoid of [[state]] interference, although the majority of the bourgeoise and right-wingers support government intervention in terms of Bailouts, Subsidies, IP Protection, etc. while still claiming to be proponents of "Free Market Capitalism". | ||
Latest revision as of 18:39, 25 April 2024
A market is an abstraction which represents the sum total of all production for exchange, and all market exchange within a system. Capitalism is founded upon production for exchange, and so is characterized in part by the presence of a market. A "free" market is a mythological concept of a market devoid of state interference, although the majority of the bourgeoise and right-wingers support government intervention in terms of Bailouts, Subsidies, IP Protection, etc. while still claiming to be proponents of "Free Market Capitalism".