A Free Market Economy is an economic system where prices for goods and services are determined by supply and demand, rather than by government intervention. In this system, individuals and businesses have the freedom to make their own economic choices, such as what to produce, how much to charge, and where to sell their products. This encourages competition and innovation, as companies strive to attract consumers. In a free market, consumers play a crucial role by expressing their preferences through purchasing decisions. This feedback helps businesses understand what products are in demand. Overall, a free market economy promotes efficiency and can lead to a wider variety of goods and services available to consumers.