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“Competitive Markets” NOT “Free Markets!

Let’s stop calling our system of economics “Free Markets”. Let us label and strive for “Competitive Markets”.

There are all types of markets but there is definitely no such thing as free markets. There is always some individuals, companies, countries and cartels influencing markets. Competition helps overcome this influence and control of markets.

What is important is to make sure markets have competition. Competition encourages productivity, product quality, enhanced service and hinders excessive pricing (Inflation).

Mark Pash, CFP


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