A free market system ensures the survival of businesses by promoting competition. This competition drives innovation and efficiency among businesses, as they strive to gain a competitive edge over their rivals. It also allows for the natural process of 'survival of the fittest', where only the businesses that are able to adapt and provide value to consumers survive and thrive. The free market also provides businesses with the freedom to make their own decisions, such as what to produce, how to produce it, and for whom to produce it, which can lead to better business outcomes.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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