How is the production of goods and services regulated in a free market?

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asked Dec 2, 2021 118k views

1 Answer

Raekye · Answer 1 · 2021-12-08T00:32:26+0000

Answer:

In the free market, the law of supply and demand regulates production and labor. Companies sell good and services at the highest prices consumers are willing to pay, while workers earn the highest wages companies are willing to pay for the services.

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How is the production of goods and services regulated in a free market?

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