[Answer] What is an important advantage of a free market?

Answer: if offers a wide variety of goods and services
What is an important advantage of a free market?

With varying degrees of mathematical rigor over time the general equilibrium theory has demonstrated that under certain conditions of competition the law of supply and demand predominates in this ideal free and competitive market influencing prices toward an equilibrium that balances the demands for the products against the supplies. At these equilibrium prices the market distributes the products to the purchasers according to each purchaser’s preference or utilityfor each product and within the relative li…

In government free trade is predominantly advocated by political parties that hold liberal economic positions while economically left-wing and nationalist political parties generally support protectionism the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements.

Free market – Wikipedia

Free market – Wikipedia

Anti-competitive practices – Wikipedia

Free market – Wikipedia

The study of this advantage has attracted profound research interest due to contemporary issues regarding superior performance levels of firms in today’s competitive market . “A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential player” (Barney 1991 cited by Clulow et al.2003 p. 221).

A moneyless economy or non-monetary economy is a system for the allocation of goods and services as well as for the assignment of work without payment of money. The simplest example is the family household which can be a system of obligations nevertheless.. Moneyless economies are studied in econometry in particular game theory and mechanism design. …

Free market (capitalism) Geographical and natural resource advantages of Great Britain were the fact that it had extensive coastlines and many navigable rivers in an age where water was the e…

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