Question

What does the term "free market" mean? Do you think this is a good system? Can you think of areas of society where this system would be detrimental? Why? *

Answer 1

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

Step-by-step explanation: