Free market

A free market is an economic system where individuals and businesses can buy and sell goods and services with minimal government interference. Prices are determined by supply and demand—how much of something is available and how much people want it. This system encourages competition, innovation, and efficiency, as producers aim to meet consumer preferences to succeed. While the government may regulate to protect safety and rights, overall, the market operates freely, allowing resources to be allocated based on consumer choices. This setup fosters productivity and can lead to diverse options and economic growth.