In a free-market economy, the free choices of producers determine allocation, production, and distribution, while paying attention to what consumers need and want and how much they are willing to pay for goods and services. influences and inputs (land, labor, capital) move back and forth between producers and consumers, in what the economists call a “circular flow” model.
in your opinion, what are some of the benefits you enjoy because of the free-market system? in the space below, give two concrete examples of benefits you enjoy as a result of the free-market.
question 1 options: