Answered

What is a Free Market economy?

A. Where the government owns the factors of production and makes key economic decisions.
B. Where individuals own the factors of production and the government keeps their hands out of the economy.



Answer :

GinnyAnswer

Final answer:

A Free Market economy is where individuals own the factors of production and the government minimally interferes in economic activities.


Explanation:

A Free Market economy is a system where individuals own the factors of production and the government has minimal intervention in economic activities. In a free market economy, private property is protected, competition is encouraged, and voluntary contracts are upheld as long as they do not violate the rights of others.


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