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Free trade market is an economic system where people are allowed to willingly exchange goods, services and money without obstacles. One of the examples of the free market could be a situation where a person can freely trade their money, manpower or any other personal possession for anything that is going to bring benefit for both parties.
A free market economy is one where - Property and resources are privately owned - There is freedom to produce and purchase goods and services - There is no central planning of the economy - Price mechanism and profits determine price of economic goods - Profit is the driving force, or motive of all firms Thus it is evident that there are many privately owned firms that provide the economic goods in market economies.