Free Market

Scottish philosopher and economist Adam Smith formulated in his book the immense benefits that will accrue to the economy when there is competition in a free market. These words are considered sacred for large parts of the right in Israel, as right-wing parties adhere to this principle, which is one of the fundamental principles of capitalism.

Global Retail, which operates Carrefour in Israel, has signed an agreement to acquire a 70% stake in the distributor Free Market at a valuation of 19 million shekels. The deal allows the retailer to enter the wholesale market for small businesses.