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What free market definition?

1 Answer

4 votes

Answer:

A free market is an economic system in which the price of goods and services are determined by supply and demand expressed by sellers and buyers.

Step-by-step explanation:

This is a market that is not controlled by any coercive central authority. The economy has unobstructed competition and involves private transaction between the buyer and seller without third party interference.

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User Flowerking
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