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The economic system that is characterized by the unregulated exchange of goods and services is "Free Market," capitalism, although there is usually some amount of regulation.
Free Market
Free Market is the economic system characterized by the unregulated exchange of goods and services. It is however theorized that the free market should be able to self-regulated itself through the law of economics. Nowadays, the free market is implemented in way that has some sort of regulations, the degree of regulations depends on the country and its own political and economical choices,
Free Market is the economic system characterized by the unregulated exchange of goods and services. It is however theorized that the free market should be able to self-regulated itself through the law of economics. Nowadays, the free market is implemented in way that has some sort of regulations, the degree of regulations depends on the country and its own political and economical choices,