Free Market Economic Systems

Regulates the Marketplace

Advantages of the Free Market

1. Economic Efficiency: Producers provide only the goods and services that consumers want, and generally at prices consumers are willing to pay.

2. Economic freedom: Workers work where they want, firms produce what they want, and individuals consume what they want.

3. Economic growth: Entrepreneurs are always seeking profitable opportunities, contributing new ideas and innovations.

4. Additional goals: Consumers, in essence, have the power to decide what gets produced. This is called consumer sovereignty.