Describe how financial security is handled in the free-market system. give an example to support your answer.

In the free-market system, security is handled by hired Private contractors. An example would be a security guard at a bank. Free market security usually consists of competing for private defense agencies with a system of insurance and third party watchdog groups to prevent abuse.In the free-market system, security is handled by hired Private contractors. An example would be a security guard at a bank. Free market security usually consists of competing for private defense agencies with a system of insurance and third party watchdog groups to prevent abuse.

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 black market.

While no pure free market economies actually exist, and all markets are in some ways constrained, economists who measure the degree of freedom in markets have found a generally positive relationship between free markets and measures of economic well being.

A key feature of free markets is the absence of coerced transactions or conditions on transactions.

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