For a free market to function, economists assume that voluntary exchanges and secure private property rights exist.

Name: For a free market to function, economists assume that voluntary exchanges and secure private property rights exist.
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Voluntary exchanges and secure private property rights are essential components of a free market system. Without these elements, market transactions cannot take place effectively, and there may be a lack of investment, innovation, and economic growth.

For a Free Market to Function, Economists Assume That Voluntary