250,349 views
29 votes
29 votes
What are the main advantages of the Free market system in relation to Economic Goals

and Societal Values?

User Aminoff
by
3.2k points

1 Answer

9 votes
9 votes

Answer:

Advantages of this market system include efficient resource allocation, competition, innovation, and product variety. Sellers in a free market have a right to adjust prices to match the demand for their products. Further, consumers are allowed to decide where they will spend their money

User Marjory
by
2.9k points