One expert is Dr Madsen, president of the free-market think-tank the Adam Smith Institute.
what does "the free-market think-tank" mean?
2007-03-04 02:59:06 · 7 answers · asked by ? 6 in Society & Culture ➔ Languages
and what does the whole sentence mean?
2007-03-04 03:03:12 · update #1
How's this for translation:
One knowledgeable man is Dr. Madsen, leader of the free-market research organization the Adam Smith Institute.
I know, I didn't work out the "free-market" phrase, but what the heck. It's the best I could do.
2007-03-04 03:32:31 · answer #1 · answered by tigertrot1986 3 · 0⤊ 0⤋
Well a "free market" is a market where the price of each item or service is arranged by the mutual consent of sellers and buyers (see supply and demand); the opposite is a controlled market, where supply and price are set by a government.
"Think tanks" is an organization, institute, corporation, or group that conducts research, typically funded by governmental and commercial clients, in the areas of social or political strategy, technology, and armament.
Hope this answers your question! Good luck!
2007-03-04 11:10:14 · answer #2 · answered by U812B4 4 · 0⤊ 0⤋
free market think tank means a group of people who do nothing but talk, suggest and promote the virtues of the free market anti tariff world trade policies.
2007-03-04 11:08:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I think it is a think tank (group of people) that the open market (everybody or maybe businesses) can hire to solve a problem. They ponder the problem and the market can hire them to do so...
2007-03-04 11:03:03 · answer #4 · answered by freebird31wizard 6 · 0⤊ 0⤋
A think tank is an organization, institute, corporation, or group that conducts research, typically funded by governmental and commercial clients, in the areas of social or political strategy, technology, and armament.[1]
2007-03-04 11:03:00 · answer #5 · answered by ** i Am hiS giRL ** 5 · 0⤊ 1⤋
"free market" means capitalist, and a "think tank" is a research organization.
2007-03-04 11:01:53 · answer #6 · answered by sarcastro1976 5 · 1⤊ 0⤋
It's just marketing talk, it doesn't really mean anything.
2007-03-04 11:07:54 · answer #7 · answered by gerrifriend 6 · 0⤊ 0⤋