There are a number of advantages of free market economy. The first advantage is that buyers or the consumers are free to purchase any commodity. Sellers also get the advantage because they are also free to produce any product. Free market economy may also result rewards for the producers with the increase in production. State intervention is low in the free market economy. Therefore, first advantage of free market economy is the benefits of buyers and the sellers.
Price determination is also unique because price is determined by the market forces of demand and supply and not the state. Therefore, it brings transparency in the prices of the goods and the services. Free market economy also results in bringing the optimal distribution of the country's resources. Moreover, free market economies also enhance the economic growth in the developed countries because of the increase in competition.
Price determination is also unique because price is determined by the market forces of demand and supply and not the state. Therefore, it brings transparency in the prices of the goods and the services. Free market economy also results in bringing the optimal distribution of the country's resources. Moreover, free market economies also enhance the economic growth in the developed countries because of the increase in competition.