Free Market

Economy

Characteristics of a Free Market

1.Private property

2.Freedom of choice

3.Motivation of self intrest

4.Competition

5.Limited Government

A free market full of problems

This economic system is not a valuable place to live mainly because of the living cost that will be really high. The middle class will suffer a lot from this, since the market is "controlled" by richer people with more powers at their hands. For the poor, it will be really difficult to find a job and owning a home will be even unimaginable for some.