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What is a free market? Are there any markets in the U.S. economy which could be accurately described as being free markets? would we be better off or worse off if markets were free?

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What is a free market? Are there any markets in the U.S. economy which could be accurately described as being free markets? would we be better off or worse off if markets were free?
Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
127 Votes
Free market is a market where the prices of the goods and services are fixed by the consumers
and the open market. Here the laws and regulations of demand and supply are fully free from any
interference from the government, or any price fixing bodies or any other authority. It is a
summarized description of voluntary exchanges taking place in the economic environment.
These markets have a decentralized order of a
angements and are spontaneous where
individuals take economic...
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