How does a Free Market Economic System answer the 3 questions, What? How? and for Whom

What to produce ? Good:(something tangible that one pays to consume)

Consumer goods ( bought and used by consumers)

Capital Goods (used in the production of other goods)

Service (worker or labor that is performed of other goods)

How to produce ? Factors of production/Productive Resources 1. Natural Resource/Land 2. Human Resources 3. Physical capital 4. Entrepreneurship

For whom to Produce ? Countries develop economic systems to determine how to allocate scarce resources

what precedent do you see the ordinance of 1787 setting for the 1st amendment of the us constitution : )

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