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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

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
1 month ago

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.