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This would lead the economy to reach its Production Possibility Frontier.
A free market system is an economic system where there is a democracy directed by the dollar votes of the consumer. This is good in some parts of the world, while it may be a curse for other poor, uneducated societies. Poor, uneducated citizens may make the wrong choices and thus waste the already famished resources. An example is apparent in our Egyptian market where most of our resources are directed towards buying cars, mobiles, while neglecting our health care needs.
A free market economy in the hands of an educated populace would steer them towards a more efficient use of resources...
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