In a free market economy, available resources are more efficiently allocated by complete reliance on?

In a free market economy, the available resources are more efficiently allocated by complete reliance on the price system. In a free market economy, the allocation of resources is done based on the price mechanism and the forces of demand and supply. The price system helps to coordinate the decisions of consumers and producers regarding the allocation of resources. The price of goods and services is determined by the interaction of demand and supply, which leads to the efficient allocation of resources as producers are incentivized to produce goods and services that are in high demand, and consumers are incentivized to purchase goods and services that provide them with the most value for their money. The price system encourages efficiency because it ensures that goods and services are produced and consumed at the lowest possible cost, which results in the greatest benefit for all participants in the economy.