The psychological aspects of how the free market works are largely based on the principles of supply and demand, competition, and consumer behavior. People's needs and wants drive the demand, and businesses compete to meet these demands. This competition encourages innovation and efficiency. Additionally, the free market relies on the assumption that individuals will act in their own best interest, making decisions based on their personal benefit. This self-interest drives the market's growth and progress.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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