How is Mexico a free market economy?

Answer 1

Mexico is considered a free market economy because it operates on the principles of supply and demand with limited government intervention. The country has implemented economic reforms to promote competition, reduce barriers to trade, and attract foreign investment. Mexico's economy is characterized by private ownership of businesses, free trade agreements with various countries, and a relatively open market for goods and services.

Answer 2

Mexico is an economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority. There are some exceptions, such as public healthcare, as well as the electricity industry; but most economic activities follow a supply and demand model.