economyfree

Which Of The Following Best Describes A Free Market?

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Which Of The Following Best Describes A Free Market? Which of the following best describes a free market? A market without significant government intervention. … Because all market participants would have to compete on price. Which of the following describes a free market? The free market is an economic system based on supply and demand

What Is Another Term For Free Market System?

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What Is Another Term For Free Market System? The term “free market” is sometimes used as a synonym for laissez-faire capitalism. … Using this description, laissez-faire capitalism and voluntary socialism are each examples of a free market, even though the latter includes common ownership of the means of production. Is capitalism the same as free