Free - market economy refers to an economic system where prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy. It typically entails support for highly competitive markets, private ownership of productive enterprises. Laissez - faire is a more extensive form of free - market economy where the role of the state is limited to protecting property rights.
who makes the important economic decisions in a free market economy
the forces of supply and demand