Free Market Principles

Free market principles refer to an economic system where individuals and businesses freely buy and sell goods and services with minimal government intervention. Prices are determined by supply and demand, guiding resources efficiently to where they are most valued. Competition encourages innovation, quality, and fair pricing, benefiting consumers. The idea is that when markets are open and competitive, they naturally regulate themselves, fostering economic growth and innovation. However, it also relies on the assumption that markets function well without excessive restrictions or monopolies, allowing for individual choice and entrepreneurship to thrive.