QuestionJune 3, 2025

What is a free market? trade conducted with fewer restrictions and lower customs rates markets whose existence is due to their high fees and restrictions a marketplace that does not charge a fee for renting a booth the open-air markets of Indonesia where CEOs engage in business

What is a free market? trade conducted with fewer restrictions and lower customs rates markets whose existence is due to their high fees and restrictions a marketplace that does not charge a fee for renting a booth the open-air markets of Indonesia where CEOs engage in business
What is a free market?
trade conducted with fewer restrictions and lower customs rates
markets whose existence is due to their high fees and restrictions
a marketplace that does not charge a fee for renting a booth
the open-air markets of Indonesia where CEOs engage in business

Solution
4.4(236 votes)

Answer

Trade conducted with fewer restrictions and lower customs rates Explanation 1. Define Free Market A free market is an economic system where prices are determined by unrestricted competition between privately owned businesses, without government intervention such as tariffs, subsidies, or regulations.

Explanation

1. Define Free Market<br /> A free market is an economic system where prices are determined by unrestricted competition between privately owned businesses, without government intervention such as tariffs, subsidies, or regulations.
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