The Free Market

The free market is an economic system where prices of goods and services are determined by supply and demand, rather than government control. In a free market, individuals and businesses are free to make their own choices about production, consumption, and trade. This competition encourages innovation and efficiency, as companies vie for customers. While it can lead to economic growth, the free market may also result in inequality and market failures. Overall, it relies on voluntary exchanges and the belief that markets can self-regulate through the actions of buyers and sellers.