In a free market system,what coordinates the actions of millions of people with their varying abilities and desires?

Question

Quizplus · Accepted Answer

Prices act as signals in a free market system, allowing individuals to coordinate their actions based on their own abilities and desires. When the price of a good or service increases, producers are incentivized to increase production, while consumers are incentivized to decrease consumption. This creates a natural balance in the market without the need for government intervention.

In a Free Market System,what Coordinates the Actions of Millions