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What is International Liquidity

Global Dimensions of Democracy and Human Rights: Problems and Perspectives
Reserve assets used to settle international accounts.
Published in Chapter:
The Free Market Economy as the Main Guarantee of the State's Socio-Economic Development and Promoting International Cooperation
Irakli Kervalishvili (Georgian Technical University, Georgia)
DOI: 10.4018/978-1-6684-4543-3.ch015
Abstract
The free market economy is a market system in which the prices of goods and services are the result of an agreement reached freely between sellers and consumers, without the intervention of outside forces. The laws and forces of supply and demand in such a market are free from the influence of government, price-fixing monopolies, or any other power. A free market is a controlled market or a regulated market in which the government intervenes in the regulation of supply and demand through non-market methods, such as laws that prohibit market entry or that directly regulate prices. A free-market economy (market economy) is a market-based economy where the prices of goods and services are freely formed by the forces of supply and demand, and they are able to reach equilibrium without government policy interference.
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