Free market policies refer to economic principles that advocate minimal government intervention in the economy. Under these policies, prices for goods and services are determined by supply and demand, allowing consumers and producers to make choices freely. This system encourages competition, which can lead to innovation and efficiency. Proponents of free market policies argue that they promote economic growth and individual freedom. They believe that when businesses operate without excessive regulations, they can respond quickly to consumer needs. Critics, however, caution that such policies can lead to inequality and may neglect public welfare, highlighting the need for a balance between government regulation and market freedom.