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What is the primary way the essential economic questions are answered in a free-market economic system

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The primary way the essential economic questions are answered in a free-market economic system is:

  • Allocating resources and goods through the price controlled markets.

Free market economy

This refers to the type of economic system where the government has little to no interference in the market system and the system is purely profit-oriented.

With this in mind, the way the essential economic questions are answered in a free market system is by allocation of resources.

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