A free market system promotes economic growth by fostering competition. This competition drives innovation and efficiency among businesses, leading to better products and services. Additionally, a free market allows for the laws of supply and demand to dictate pricing, which can lead to more balanced and sustainable economic growth. However, it's important to note that a completely free market without any government intervention can also lead to inequalities and market failures, hence a balance is often necessary.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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