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Nonamiya [84]
3 years ago
6

In economics, a free market is best described as

Social Studies
2 answers:
AVprozaik [17]3 years ago
7 0

Answer:

In free market system the prices of goods and services are decided by the market and the consumers, law of demand and supply is not interfered by the government.  It is different from the regulated market as in the regulated market the government can intervene in demand and supply by creating barriers. The forces of supply fix the price of goods and services in the free market economy. Competition is the main driving force of free market economy.

blsea [12.9K]3 years ago
6 0
Free markets are viewed as a system in which the prices of goods are determined by consumers
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