Responses
It can run itself without the intervention of government.
It can run itself without the intervention of government.
It depends on government intervention to run effectively.
It depends on government intervention to run effectively.
It requires a planning commission to set prices.
It requires a planning commission to set prices.
It needs assistance to find its own equilibrium.
1 answer
The statement that is generally true of a competitive free market economy is:
It can run itself without the intervention of government.
In a competitive free market, supply and demand typically determine prices and allocate resources efficiently without the need for government intervention.
