How will a free market economy impact on the global economy?

Answer 1

A free market economy promotes competition and innovation, leading to increased efficiency and productivity, which can enhance overall economic growth. It allows for the free flow of goods, services, and capital across borders, fostering international trade and investment. This interconnectedness can lead to greater economic interdependence among nations, but it may also exacerbate inequalities and vulnerabilities in global markets. Ultimately, the impact on the global economy will depend on how well countries can adapt to and regulate these dynamics.