Free market supporter: meaning, definitions and examples
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free market supporter
[ ˈfriː ˈmɑːrkɪt səˈpɔːrtər ]
political ideology
A free market supporter is someone who advocates for minimal government intervention in the economy, believing that the market should be allowed to operate without restrictions or regulations. They believe that competition and individual choice lead to economic growth and prosperity.
Synonyms
free market advocate, laissez-faire proponent
Examples of usage
- John is a staunch free market supporter, believing that government regulation only stifles innovation.
- Many economists argue that free market supporters overlook the potential negative impacts of unchecked capitalism.
Translations
Translations of the word "free market supporter" in other languages:
🇵🇹 defensor do mercado livre
🇮🇳 मुक्त बाजार समर्थक
🇩🇪 Befürworter des freien Marktes
🇮🇩 pendukung pasar bebas
🇺🇦 підтримувач вільного ринку
🇵🇱 zwolennik wolnego rynku
🇯🇵 自由市場の支持者
🇫🇷 partisan du marché libre
🇪🇸 defensor del mercado libre
🇹🇷 serbest piyasa destekçisi
🇰🇷 자유 시장 지지자
🇸🇦 مؤيد السوق الحرة
🇨🇿 podporovatel svobodného trhu
🇸🇰 podporovateľ voľného trhu
🇨🇳 自由市场支持者
🇸🇮 podpornik prostega trga
🇮🇸 stuðningsmaður frjálsrar markaðar
🇰🇿 еркін нарықтың жақтаушысы
🇬🇪 თავისუფალი ბაზრის მხარდამჭერი
🇦🇿 azad bazar tərəfdarı
🇲🇽 defensor del mercado libre
Word origin
The concept of free market support can be traced back to the ideas of classical economists such as Adam Smith and David Ricardo in the 18th and 19th centuries. These thinkers argued that a laissez-faire approach to economics, with minimal government interference, would lead to the most efficient allocation of resources and the greatest overall benefit to society. The term 'free market supporter' gained popularity in the 20th century as debates around economic policy and government intervention intensified.