Free Market Economy

A free market economy is an economic system where prices for goods and services are determined by unrestricted competition between businesses and consumers. This system is rooted in liberalism, which emphasizes individual freedoms and limited government intervention. In a free market, supply and demand dictate what is produced and at what price, allowing for innovation and efficiency. Consumers have the power to choose, which encourages businesses to respond to their needs. Overall, a free market promotes economic growth and personal choice while advocating for minimal government control over economic activities.