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→‎Example: The Tyndale Bible: "free market" section
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Supply and demand comprise a very powerful force, stronger than any individual or government.  Over time, supply and demand prevail, and ultimately all authorities endorsed the idea of an English translation of the Bible, leading to the printing of the magnificent King James Version in 1611.  But the unstoppable effect of supply and demand did not occur soon enough to help Tyndale himself; he was executed as a heretic in 1536 after he refused to recant his beliefs.
 
Supply and demand comprise a very powerful force, stronger than any individual or government.  Over time, supply and demand prevail, and ultimately all authorities endorsed the idea of an English translation of the Bible, leading to the printing of the magnificent King James Version in 1611.  But the unstoppable effect of supply and demand did not occur soon enough to help Tyndale himself; he was executed as a heretic in 1536 after he refused to recant his beliefs.
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== The "Free Market" ==
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The interaction of supply and demand is what we call the "market".  The "free market" is the interaction of supply and demand without any interference or control by government.
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The Merriam-Webster dictionary does not define the term "free market," which originated as recently as 1907, as precisely as we do.  The dictionary says that the "free market" is "an economic market operating by free competition."  Can you see flaws in this definition?  "Competition" is part of a "free market," but its essence is the interaction or interplay between supply and demand.  A "free market" can exist with only one supplier, without any competition.  Or there can be competition, such as between the Post Office and Federal Express, without it being a "free market" (because the government interferes by funding the Post Office and imposing limitations on Federal Express).
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Can you improve on our definition of a "free market"?  The homework assignment gives you an opportunity to do so.
    
== What is Irrelevant to Supply and Demand? ==
 
== What is Irrelevant to Supply and Demand? ==
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