Final answer:
A free market economy happens when there is little to no government control or interference. Goods and services are determined by supply and demand, and businesses operate with minimal regulations.
Step-by-step explanation:
A free market economy occurs when there is little to no government control or interference. In this system, goods and services are determined by supply and demand, and businesses operate with minimal regulations.
For example, in a free market economy, businesses have the freedom to set prices based on market forces and consumers have the freedom to choose which products to purchase. This leads to competition among producers and a wide variety of choices for consumers.
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