Explanation

Many West African countries are trying to adopt a free market system in order to:
(i) stimulate free and efficient utilization of resources by private individuals
(ii) pro-mote efficient production methods
(iii) give consumers and producers the freedom of choice
(iv) enable producers to maximize profit, i.e, to work harder
(v) pro-mote rapid economic growth and development through investment
(vi) facilitate rising standard of living.
(vii) enable consumers to maximize their satisfaction. 
 

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