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The purest version of the pure market economy would be called a free market economy or capitalism. In theory, resource allocation can be undertaken entirely within markets or private institutions, while, in practice, most economies rely on either government or markets for allocation decisions.

In a purely market system, it is not the government that enforces distribution; instead, the market determines the distribution. With markets, it is not the government that sets the prices, but rather the price level is determined by supply and demand.

A pure free-market system allows the economy to function without too much government intervention. It also allows a lot of private business to exist without the necessity of government intervention. As a result, there is less need for taxes.

A pure market system allows for a lot of specialization, specialization. This is because the price level is set according to supply and demand. The more the demand, the lower the price level, and vice versa. A pure free market also allows for specialization in order to provide consumers with better options and deals.

Since a pure free-market system is free of government intervention, the goods and services provided are more efficiently made. This is because all resources are available and there is less waste, which can be very costly.

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In other words, with the market, you get what you pay for. The more you pay, the more efficient the process is and the less likely you are to waste your money. Thus, free markets are good at providing the best goods and services for the lowest cost to consumers.

A free market economy also provides a great amount of economic freedom. You do not have to rely on a single entity for everything. This allows for more economic innovation and growth and allows for the possibility for more wealth and opportunity. The competition, in turn, allows for greater consumer choice.

The fact that a pure free-market system allows for economic freedom also means that you are not held back by laws imposed upon you by the state. The market ensures that people are allowed to live their lives as they wish, even if it means breaking some laws to do so.

The reason why the pure free market system is good for all economies is that it keeps an economy on a level playing field. As long as all resources are accessible and all economic activities are fair and legitimate, all resources are being used wisely, then the economic system remains healthy.

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A free market system has many benefits; however, it can also have some disadvantages. In addition to the free market system, there are still many factors that may affect an economic activity including governmental intervention, government rules, political agendas, and government intervention.

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