Question

Which answer bellows lists the main factors of a free market economy?
A - Consumer driven and ruled by competition
B - government controlled and no competition
C - Consumer driven and ruled by no competition
D - ruled by one person and by competition
GPT-4o mini
The correct answer is: **A - Consumer driven and ruled by competition**.

A free market economy is characterized by voluntary exchanges in a competitive marketplace, where consumer preferences drive production and prices are determined by supply and demand.

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