Final answer:
In a free market, 'buyers and providers' act independently and compete with each other, driven by the forces of supply and demand, enabling a decentralized economy based on private enterprise.
Step-by-step explanation:
In a free market, buyers and sellers act independently and compete with each other, which is integral for the system's functioning. This competition is driven by the forces of supply and demand without government intervention, creating what is known as the price system. In such an economy, both buyers and sellers must be well-informed about market conditions and have the freedom to enter or exit the market at will. Contrary to command economies with centralized decision-making, market economies celebrate decentralized decision-making based on private enterprise. Hence, in a free market, the independent and competitive activities of buyers and sellers facilitate the trade and pricing of goods and services.