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Which of the following drives the free market economy? (1 point) the needs and wants of the people O the supply of goods in the...Question
Which of the following drives the free market economy a the needs and wants of the people be the supply of goods in the market see the number of consumers in the market the gross domestic product
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GPT-4o mini
In a free market economy, the primary driver is **A: the needs and wants of the people**.
While supply of goods, the number of consumers, and gross domestic product (GDP) all play significant roles in the functioning of a market, it is ultimately the needs and wants of consumers that dictate what goods and services are produced. Producers respond to these demands by supplying products that they believe will sell, shaping the economy based on consumer preferences.
While supply of goods, the number of consumers, and gross domestic product (GDP) all play significant roles in the functioning of a market, it is ultimately the needs and wants of consumers that dictate what goods and services are produced. Producers respond to these demands by supplying products that they believe will sell, shaping the economy based on consumer preferences.
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