Answer:
Specialization occurs when one person does one aspect of a job and voluntary exchange occurs when instead of just a single person, buyers and sellers engage in market transactions and satisfy the producer as well as the consumer.
Explanation:
The free market refers to an economic system in which prices are evaluated as a result of unrestricted competition among privately owned businesses. This system is based on supply and demand with less or negligible government control
Specialization occurs when one person does one aspect of a job and voluntary exchange occurs when instead of just a single person, buyers and sellers engage in market transactions and satisfy the producer as well as the consumer.
