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Free-Market Economy (“Free-Market Economy” 2003), economic system in which individuals, rather than government, make the majority of decisions regarding economic activities and transactions. Individuals are free to make economic decisions concerning their employment, how to use or accumulate capital, what expenditures to make, and whether to use their resources now or to save them for later consumption.”
The key components of the market economy are the consumers, businesses and workers. The consumers tell the (“Consumers in the Market Economy” 2008) producers what goods and services they want to see produced...
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