A free market is a type of market in which the government is not involved. Because the government doesn't care what happens, the free market is also called "non-intervention" or "let the economy be." The government merely protects citizens from harm and that is the main goal of the government. In the free market economy, there are three components of the free market economy: competition, active but limited government, and self-interest. Competition is one of the main components of the free market economy. Competition means that companies compete with each other to obtain greater benefits. According to the concept of free market economics, competition is a good thing because it is a fundamental regulating force in the market system. By competition with or...