Describe how financial security is handled in the free-market system. Give an example to support your answer.
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Explanation:
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Protection is strengthened by the free enterprise method.
Explanation:
- A free market economy is one where the price of goods is controlled by the private sector and are set by the forces of supply and demand.
- In an open market, the political society is typically based on freedom and liberty with as few rules and regulations enacted as needed.
- Free market protection typically means working for an compensation program with corporate enforcement companies and third-party monitoring organizations to deter violence.
- Protection is managed by contracted independent vendors under the free market framework. A security guard at a bank will be one example.
Learn more about financial markets:
Distinguish between Indian Financial Market and Global Financial Market.
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