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29 June, 08:26

An economic system based on competition among businesses, without government interference, is known as what kind of market?

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  1. 29 June, 08:42
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    Answer: The correct answer is : free market

    Explanation: The free market is an economic system based on supply and demand with little or no government control. They are voluntary exchanges, spontaneous. There is absence of conditions and forced transactions. There are unhindered competitions and there are only private transactions between buyers and sellers.
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