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Free market
01
an economic system that is not operated by the government rather by free competition and supply and demand
Example
In a free market economy, prices are determined by supply and demand rather than government intervention.
Supporters of a free market argue that it fosters innovation and consumer choice.
Entrepreneurs thrive in a free market environment where innovation and efficiency are rewarded.
Example
In a free market economy, prices are determined by supply and demand rather than government intervention.
Supporters of a free market argue that it fosters innovation and consumer choice.
Entrepreneurs thrive in a free market environment where innovation and efficiency are rewarded.
The country's transition to a free market system led to increased competition and economic growth.
The deregulation of industries is often a key component of transitioning to a free market economy.
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