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Rasek [7]
3 years ago
5

In economics, a free market is best described as

Social Studies
2 answers:
Mandarinka [93]3 years ago
8 0

In the context of economics, a free market is an arrangement in which the rates for goods and services are controlled by the open market competitions and by buyers. It is a form of market in which there is no intervention from outside sources such as state or government. In this market, the demand and supply of a good or service is determines the prices of that good or service.

OLga [1]3 years ago
3 0
Is based on supply and demand. With little or no government control. Buyers and sellers are allowed to transact freely if on mutual price agreement without state interfering in the form of taxes, subsidies or regulation.
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It been said," water is more valuable than gold", what do you think this statement means
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Reason is a tool that individuals use to decide what is good or evil under st thomas?
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According to St. Thomas' natural law theory, people employ three criteria to determine what is good or evil: fulfilling their actual nature, pursuing happiness, and obeying God's mandates.

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