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- A free-market economy has several advantages, including123:
- Increased efficiency, productivity, and innovation
- Companies have the freedom to determine output, price, and make a profit
- Consumers drive choices
- Freedom to innovate
- Customers decide which products are successful and which are failures
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In a free-market economy, companies have the freedom to determine output, price, and make a profit. More specifically, a free-market economy has several advantages, including: Consumers drive choices Freedom to innovate Customers drive choices Consumers decide which products are successful and which are failures.penpoin.com/free-market/The advantages of a market economy include increased efficiency, productivity, and innovation. In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals rather than governing bodies.
www.investopedia.com/ask/answers/033015/what-…List of Pros of Free Market Economy
greengarageblog.org/4-pros-and-cons-of-free-mark… - People also ask
WEBFeb 17, 2020 · Learn how a free market economy works based on supply and demand principles, and what are the pros and cons of this system. Find out how it affects customers, businesses, and society as a whole.
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