Problem 30

Introduction

The free market is an economic system based on supply and demand with little or no government control. It is a summary description of all voluntary exchanges that take place in a given economic environment. Free markets are characterized by a spontaneous and decentralized order of arrangements through which individuals make economic decisions. Based on its political and legal rules, a country's free market economy may range between very large or entirely illegal. Whereas, discrimination in  an economy, discrimination refers to the unequal treatment of individuals. Discrimination might be based on price, quantity sold, or other factors. Discrimination can occur in any setting.