Benchmark 7E
Human Society: Political and Economic Systems
Grades 9-12, page 170

In the free-market model, the control of production and consumption is mainly in private hands. The best allocation of resources is believed to be achieved by individuals and organizations competing in the marketplace. Individual initiative, talent, and hard work are expected to be rewarded with success and wealth. Government's role is primarily to protect political and economic freedoms for society as a whole-- even at the cost of some individual or group material benefits.

No closely related standards have been identified.