The primary driver of a free market economy is the needs and wants of the people. This reflects consumer demand, which influences production, pricing, and resource allocation within the market. While factors like gross domestic product, the number of consumers, and supply of goods also play important roles in the economy, it is ultimately consumer needs and wants that drive market dynamics.
Which of the following drives the free market economy?(2 points)
Responses
the needs and wants of the people
the needs and wants of the people
the gross domestic product
the gross domestic product
the number of consumers in the market
the number of consumers in the market
the supply of goods in the market
1 answer