A free market economic system is an economic system in which the production and distribution of goods and services take place through the voluntary decisions of individuals and businesses operating in a marketplace, rather than through government intervention. This type of system is based on the principles of supply and demand, and it allows for the free exchange of goods and services between buyers and sellers. It is characterized by a lack of government intervention in the economy, and it allows individuals and businesses to make their own decisions about what to produce, how much to produce, and how much to charge for their goods and services.
