Most transactions for the distribution of goods and services happen in a market place using medium of distribution as a way to distribute limited resources.
Free markets can be regarded as the mechanism that is been used in the distribution as well as the allocation of goods which is been produced by way of price discovery.
Hence, In the United States, the free market allows producers and consumers to freely make decisions that benefit themselves.
Economists perceived free market as a market consisting a buyer and seller, whereby the products are been exchanged as a result of the willingness of the buyer as well as that of seller as seen in country like Singapore.
Instance of a free market is in the Purchasing of groceries which is set at a given price by the farm grower depict the instance of economic exchange which can be attributed to free market.
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