Question

In a Free-Market System we have what is known as “voluntary exchange”. Please describe in your own words/give an example.

this is for my economics class

Answer 1

I think a free market is one where voluntary exchange and the laws of supply and demand provide the sole basis for the economic system, without government intervention. A key feature of free markets is the absence of coerced (forced) transactions or conditions on transactions.

Step-by-step explanation:

hope this helps if not let me know