Which of the following is a characteristic of a free-market economy?

Aindividual choice
Bcentralized planning
Cgovernment influence in the private sector
Dcommunity ownership of resources

Verified Answer :

The answer here would beĀ A. because free market eco is people mostly just trading goods for goods, with no government interference.

Answer:

A. Individual choice is the correct answer.

Explanation:

In a free market system, the prices for goods and services are determined by the open market. The forces and law of demand and supply are free from government intervention or any other authority. It is different from regulated markets in which the government intervenes in the demand and supply by creating barriers or price-fixing, While in free-market the prices are allowed to reach their equilibrium without any government intervention