Answer :
Indicators of a Free Market Economy are:
• Sellers raise prices because of demand and scarcity
• Buyers and Sellers set market price of goods and services
Free Market Economy is an economic system where law of supply & demand and economical exchange provides the sole basis for the system without control from the government.
Features of Free Market Economy system are:
• Resources are owned by individuals (buyers and sellers) in this system
• Decision on allocation of resources are from individuals
• There is little or no government control
• Supply, demand and pressure of competition are determinant of decision making.
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