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LSDefine

Simple English definitions for legal terms

free market

Read a random definition: Disaster Relief Act

A quick definition of free market:

A free market is a place where people can buy and sell things without the government telling them what to do. It can be a physical place like a farmers' market or a virtual place like an online store. In a free market, prices are determined by how much people are willing to pay for something and how much sellers are willing to sell it for. This means that if there is a lot of demand for something, the price will go up, but if there is not a lot of demand, the price will go down.

A more thorough explanation:

A free market is a type of market where buyers and sellers can freely trade goods and services without any interference from the government or other external forces. In a free market, prices are determined by supply and demand, and competition is the driving force behind the market.

For example, a farmers' market is a free market where farmers can sell their produce directly to consumers without any government intervention. Another example is the stock market, where investors can buy and sell stocks freely based on market conditions.

These examples illustrate the definition of a free market because they show how buyers and sellers can interact without any external interference. In a farmers' market, farmers can set their own prices based on supply and demand, and consumers can choose which products to buy. In the stock market, investors can freely buy and sell stocks based on market conditions, without any government intervention.

Freeman–Walter–Abele test | free of all average

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sounding like that one guy in here who kept saying he was cumming
Dkk
8:43
Was that me cus I just released.
lilypadfrog
8:44
Wahoowa
Dkk
8:45
AI Overview +1 "Wahoowa" is a cheer and greeting used by fans of the University of Virginia (UVA).
Dkk
8:45
Learned something new today. I can sleep knowing I learned something today.
lilypadfrog
8:48
https://en.m.wikipedia.org/wiki/Dalgona I just learned about these things. Apparently they’re featured in Squid Game, but I think Squid Game is just a ripoff of the original Mr Beast Games
I learned today the term fight fire with fire comes from the early day of fire fighting when departments would just bulldoze buildings and then burn them in an attempt to stop a fire from spreading. So to stop fire from burning shit they would burn down other buildings in a more violent and destructive way thus lowering the fires moral so much it refuses to spread and work.
GreyCeaselessMammoth
8:51
that's like basically how wildland firefighting still works
I did wildland and most of the time it was controlled burns but it is pretty funny to imagine doing that in a city/neighborhood.
Dkk
8:52
The Santa Ana winds kinda helped with that because it pushed the fire back to where it had already burned despite the news media saying everything was going to get worse like the idiots they are.
Cant imagine being the guy to be like "hey so to keep your neighbors house from burning down we are going to bulldoze yours and then catch it on fire"
lilypadfrog
8:55
buddy you can either stay in or get out but we’re bulldozing this
lilypadfrog
8:55
someone brought cake to the work breakroom today
lilypadfrog
8:56
they will tell you 9 AM is too early to eat cake but they are wrong
GreyCeaselessMammoth
8:56
guys it's my bday!
lilypadfrog
8:56
happy birthday!!!
GreyCeaselessMammoth
8:56
i was going to go get myself a nice little coffee but the shop is closed because when it snows here everyone freaks out
GreyCeaselessMammoth
8:56
thanks lily!!!!
lilypadfrog
8:56
that’s probably why there was cake in my break room. someone knew it was your birthday
GreyCeaselessMammoth
8:57
exactly
GreyCeaselessMammoth
8:57
have some for me
I guess you now have to go buy alcohol now to celebrate
lilypadfrog
8:57
come here I’ll share
And for my bday a couple days ago all I got was a baby with bubble gut lol
lilypadfrog
8:58
baby and your dream law school I think those are good presents
lilypadfrog
8:59
happy bday to you too my friend
8:59
malewoods mentioned
Yeah they were all a week or so early but still pretty chill, people with January Bdays are generally the best. Just saying
@Eggan: YES! that is who it was, horny over people getting As
GreyCeaselessMammoth
9:00
yeah bulb, i've noticed that too
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