A free market is one where the laws of supply and demand provide the sole basis for the economic system, without government intervention. A core tenet of free markets is the idea of voluntary ...

Market and economic cycles typically last multiple years. Records kept by the National Bureau of Economic Research (NBER) tell us that the average economic cycle since 1854 has been 38.7 months ...

A mixed economy blends free market and government intervention to address market failures. Examples include the U.S. and France, where both public and private sectors play significant roles ...