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an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority.

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Emmanuel Ward

Lvl 10
3y ago
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Wiki User

14y ago
  1. Economics activities was carried by private sector.
  2. Consumer make their own decision.
  3. Individuals have a right to own assets.
  4. Presence of competition. It will encourages development and improvement.
  5. Profit motivated.
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Wiki User

14y ago

Free marketing is when the state has no control over it as oppossed to controlled markets.

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Q: What is free market?
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