A free market does not directly require the existence of competition; however, it does require a framework that freely allows new market entrants. Hence, competition in a free market is a consequence of the conditions of a free market, including that market participants not be obstructed from following their profit motive.
A free market does not directly require the existence of competition; however, it does require a framework that freely allows new market entrants Hence competition in a free market is a consequence of the conditions of a free market including that market participants not be obstructed from following their profit motive.