The prime example of a liberal market economy is the USA, but the label is also applied to the form of capitalist economy found in Australia, Britain, Canada, Ireland and New Zealand. Companies independently decide the products or services to offer for sale, whom to do business with, how to invest their resources, where to establish their business and the prices of the goods or services they produce. devotional anthologies, and several newspapers. A Dictionary of Human Resource Management . These two groups largely overlap. In Varieties of Capitalism; The Institutional Foundations of Comparative Advantage, Peter A. Liberal market versus coordinated market economies. Your browser does not support the