"In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. "
"Capitalism is an economic system based on the private ownership of the means of production and their operation for profit."
How is "If I buy a good, I should not be able to sell it when/where I see fit? " implied by either of those things?
The idea of the free market in this context comes from Adam Smith in The Wealth of Nations, in which he says that a market is free if buyers and sellers can pursue their own self-interest. It's in the interest of the seller to sell the phone at a price higher than they paid for it, and it's in the interest of the buyer to purchase the phone from the seller at a price lower than would otherwise be available.
> he says that a market is free if buyers and sellers can pursue their own self-interest
probably we are agreeing, but just to bring a little more clarity what is meant by "free market" in the adam smith context:
> For classical economists such as Adam Smith, the term free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.[2] They say this implies that economic rents, which they describe as profits generated from a lack of perfect competition, must be reduced or eliminated as much as possible through free competition.
so i'd say sellers trying to create an artificial regional monopoly/oligopoly of sales and high prices is the exact opposite of what adam smith would have preferred...
The idea the supply and demand are manipulated/controlled by the creator of the product, not the market of buyers and sellers. So that negates the private ownership part as well as supply and demand being controlled by buyers and sellers.
"In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. "
"Capitalism is an economic system based on the private ownership of the means of production and their operation for profit."
How is "If I buy a good, I should not be able to sell it when/where I see fit? " implied by either of those things?