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What is a free market economy?
An economy where businesses are owned by the government
An economy where businesses operate with little government interference
An economy where there are no businesses
An economy where the government controls all businesses
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An economy where businesses operate with little government interference.
Explanation: In a free market economy, private individuals and firms make most economic decisions (what to produce, how to produce, and for whom) with minimal government control. The other choices describe government ownership or absence of businesses, which are not free markets.
Explanation: In a free market economy, private individuals and firms make most economic decisions (what to produce, how to produce, and for whom) with minimal government control. The other choices describe government ownership or absence of businesses, which are not free markets.
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