Anarchy of Production

Anarchy of production is an economic system in which there is no central authority or government controlling how things are made and who gets to make them. Everyone is free to produce whatever they want, whenever they want, and sell it however they choose. This means that anyone is free to start their own business or buy whatever they want from another person or business. In this system, competition keeps prices low and the quality of products high because businesses have to compete with each other to make better products that bring in more money.