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Flura [38]
3 years ago
6

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

Business
2 answers:
kkurt [141]3 years ago
8 0

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. <span>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.</span>

Cerrena [4.2K]3 years ago
4 0
<span>The three aspects of a free market economy are competition, supply, and Demand.

</span>competition exists once<span> there </span>are several customers shopping for a homogenous <span>product from </span>varied little businesses. In a market characterized by <span>competition, </span>worth is set<span> through the mechanisms of </span>supply<span> and demand. Costs are</span><span> influenced </span>each<span> by </span>the provision<span> of </span>product<span> from sellers and by the demand for </span>a product<span> by </span>consumers<span>.</span>
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