give an example of a country which follow simple economy
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in a free market economy, the law of supply and demand, rather than our central government, regulates production and labour. companies sell goods and services at the highest price consumers are willing to pay, while workers on the highest wages companies are willing to pay for the services.
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Most countries' economies contain elements of both free market and command economies. Hong Kong's economy is considered the most free, followed by New Zealand while Algeria and Timor-Leste were the least free in 2019, according to the 2019 Index of Economic Freedom.
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