market anarchy
Market anarchy is a theoretical concept where all goods and services, including those typically provided by the state, are exchanged voluntarily without government intervention.
🇺🇸 US Voice:
🇬🇧 UK Voice:
Definition
C1Economic Theory
(technical, theoretical)An economic system where all transactions occur without any government regulation, relying on voluntary agreements between individuals and private entities.
Example
- In a market anarchy, businesses and individuals operate without state-imposed regulations.
C1Political Theory
(technical, theoretical)A form of anarchism that eliminates the state in favor of a self-regulated market, emphasizing free competition and voluntary cooperation.
Example
- Proponents of market anarchy argue that a stateless society would lead to more efficient and fair outcomes.
Similar
Terms that have similar or relatively close meanings to "market anarchy":