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31 May, 08:22

In 2-3 sentences, describe three aspects of a free market economy.

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  1. 31 May, 08:55
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    The three aspects of a free market economy are competition, supply, and Demand.

    competition exists once there are several customers shopping for a homogenous product from varied little businesses. In a market characterized by competition, worth is set through the mechanisms of supply and demand. Costs are influenced each by the provision of product from sellers and by the demand for a product by consumers.
  2. 31 May, 11:06
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    The three primary aspects of a free market could include private ownership of everything for sale, free-floating forces of supply and demand, and a man secretly in charge of everything. A free market economy is a type of economic system whereby supply and demand, with a minimum of involvement on the part of a government drive the forward movement of the economy.
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