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In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.
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One way to look at the differences between them is by looking at the effects of having multiple wings. ... Due to interference effects, the bi- and tri- planes actually require higher wing area to produce the required lift. Also, the drag is also higher than the monoplane, which gets more pronounced as the speed increases.
Explanation:
<u><em>hope this helps</em></u> :):):):):):):):)
