Ask Question
30 July, 06:10

How does the free market operate

+3
Answers (1)
  1. 30 July, 08:25
    0
    The free market is a system where the prices for goods and services are determined by the open market and consumers. Any individual in a free market can create any product/service and sell it for profit. They are not required to produce what the government wants them to produce.

    For example, if the government wants a producer to produce paper, they are not required to do so. They can make what they want, when they want to.

    Additionally, they have to abide by the law of supply and demand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How does the free market operate ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers