In a free market, individuals are given the autonomy to make their own decisions about how they live their lives. This means that people can pursue their passions and interests without being restricted by government intervention or bureaucratic red tape.
This freedom allows for innovation and creativity to flourish, as people are incentivized to take risks and push boundaries in order to achieve success.
Competition is a natural byproduct of free markets. When individuals are given the freedom to pursue their own interests and goals, they will naturally strive to outdo one another in order to achieve success.
This competition drives innovation and improvement, as businesses and individuals must continually adapt and innovate in order to stay ahead of the curve.
While free markets are incredibly powerful tools for driving innovation and growth, they do require some level of government oversight to ensure that the playing field is level and that individuals have access to the resources they need in order to succeed.
This does not mean that the government should be involved in every aspect of people's lives, but rather that it should provide a framework for free markets to operate within.