What is aMarket System
A free market system is a system with no government interference, which means that markets can sell what they want and at what price likewise consumers can purchase what they are willing and able to pay for without the government doing anything about it. Some advantages to a free market economy are that everyone has freedom to buy and sell what they want, the government doesn't interfere with your choice and you can earn as much money as you want and dispose of it as you please. There are lots of advantages to a free market economy but there are a few disadvantages as well like there is a lot of homeless people because they can't find a job to get money and because the government doesn't do anything, the homeless people don’t get any income so remain without a home and without money. There is also the issue of market failures, that is when a market starts to charge people higher prices for everyday things such as food and because the government isn't interfering it stays that way. There are some countries that are very nearly a free market economy like Hong Kong and Australia are very high towards a free market economy but still have government interference .
This can be a result of a free market economy