The economy runs on wealth, which is measured in both money and in goods and services available for consumption. At any given time, there is a set amount of wealth available for distribution. This is why some people have more money than others and why certain types of goods and services are not available to everyone.
https://www.reference.com/business-finance/entrepreneurs-important-economy-f8d735362fb9b448
It is controversial not to be for a free market economy because those at the top of the tree would lose power if we change to a different system. They may have to do things which mean that their perception of their success is diminished. The best system is a regulated free market economy.
https://answers.yahoo.com/question/index?qid=20111117200949AA2yJ4f
Free market. One view is that a free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
https://en.wikipedia.org/wiki/Free_market
It is important to have a free market economy because the market is controlled by supply and demand. It helps keep the economy in check. If there is an excess of a product sitting on a self then suppliers know to stop producing it because people aren't buying it. It works the other way as well.
https://answers.yahoo.com/question/index?qid=20111117200949AA2yJ4f
Part of a series on. Capitalism. One view is that a free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
https://en.wikipedia.org/wiki/Free_market
Entrepreneurs are important to the economy because they literally generate wealth. Existing companies can only redistribute the wealth and resources the company already has. By starting a new...
https://www.reference.com/business-finance/entrepreneurs-important-economy-f8d735362fb9b448
Free market - Concepts. Demand for an item (such as goods or services) refers to the market pressure from people trying to buy it. The model is commonly applied to wages in the market for labor. In a free market, individuals and firms taking part in these transactions have the liberty to enter, leave and participate in the market as they so choose.
https://en.wikipedia.org/wiki/Free_market
Why does the aggregate demand curve slope downward? A: The aggregate demand curve, which illustrates the total amount of goods and services demanded in the economy at a given price level, slopes downward becaus... Full Answer >
https://www.reference.com/business-finance/entrepreneurs-important-economy-f8d735362fb9b448
A free market is a market of contract, of agreement and co-operation. To the extent a market is not free, it is because someone is putting a gun to another's head and forcing him or her to make a decision that otherwise would not be made. I want to stress that: We don't have a choice between a free market and a planned economy.
https://answers.yahoo.com/question/index?qid=20111117200949AA2yJ4f
Quick Answer. Entrepreneurs are important to the economy because they literally generate wealth. Existing companies can only redistribute the wealth and resources the company already has. By starting a new company, an entrepreneur introduces new sources of wealth into the economy, first by creating new products or services for purchase and second by providing incomes for people who need jobs.
https://www.reference.com/business-finance/entrepreneurs-important-economy-f8d735362fb9b448
why is free market important
It is important to have a free market economy because the market is controlled by supply and demand. It helps keep the economy in check. If there is an excess of a product sitting on a self then suppliers know to stop producing it because people aren't buying it.