Without the free market economic system, an arrangement that allows buyers and sellers to exchange things, our economy would not run at its highest potential of efficiency. This self-regulating system is reliable and tends to each individuals personal interest. The existence of free markets is detrimental. This system has the potential to make or break an economy. There are various advantages to free markets. People would not receive all of the goods and services they desire if free markets were not in play. These markets are necessary arrangements that allow people to find themselves at ease. No one is self-sufficient. Individuals do not have the ability to produce enough on our own to be satisfied with our needs and wants. Specialization is the concentration of the productive efforts of individuals and firms on a limited number of activities. When it comes to specialization, people use their land, labor, and capital to trade off a certain good or service, this gives allows them to receive all of their goods and services without having to produce each thing. Without free markets, trading would not be as convenient. Markets allow people to use the products they produce in order to make money off of consumers. A free market is an economic system which gives individuals the opportunity to swap their produced goods. A free market economy is a diverse topic within itself. When it comes to this system households, a person or group of people living in the same residence, and firms, an organization that uses resources to produce a product that they sell, are the means of production. Firms produce their product off of the resources that households supply them with, as households use the supplied resources they obtain through firms. The aspect of self-interest in these markets allows for motivation. If individuals are not producing, there is no means of consumption. In free markets, competitions are a regulating force, which is the struggle