Market: Difference between revisions
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Revision as of 22:36, 7 August 2022
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, which exists as a utopian kind of heaven-surrogate in most libertarian and right-liberal publications.