as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what a free market economy is.
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a free market economy is an economic system where goods and services are exchanged in a free market, based on supply and demand and with little to no interference from governments or other organizations. prices are determined by buyers and sellers exchanging goods and services without any regulation or external control.
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