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

Question

Quizplus · Accepted Answer

Prices serve as coordinating signals in a free market system, as they convey information about the available supply and demand for goods and services. This helps individuals make decisions about what to produce, purchase, and invest in, based on their own preferences and resources. The market process of competition and voluntary exchange also serves to align the interests and actions of producers and consumers, without the need for central planning or coercion from the government.

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