Answered

What is a free market economy?

A. A free market economy is one in which no currency exists and the barter system is used exclusively.
B. A free market economy is one with minimal government intervention.
C. A free market economy is one with no government intervention.
D. A free market economy is one in which the government controls all means of production.



Answer :

GinnyAnswer

Final answer:

A free market economy is one with no government intervention, where prices are determined by supply and demand.


Explanation:

In a pure market economy, there is no government intervention. The prices of goods and services are entirely set by the demand and supply of what is available. This system is known as the 'price system', fostering competition among buyers and sellers.


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