The definition doesn’t say anything about legal, illegal or regulated.
So, you have a different definition to most economists.
It is a market where prices are self regulated by supply and demand, without coercion. It perfectly suits for the exchange of of FIATs (or crypto) between parties.
You can call it whatever you want, anyways.
I recommend “Free to Choose” from Friedman as starting point.
It is a market where prices are self regulated by supply and demand, without coercion. It perfectly suits for the exchange of of FIATs (or crypto) between parties.
You can call it whatever you want, anyways.
I recommend “Free to Choose” from Friedman as starting point.