Question

Which one of the following best demonstrates the principles of free markets economics?

Group of answer choices


A.) A lumber company in country X is able to harvest trees from the land they own. As part of the license they were granted by their local government to operate, they are required to plant one tree for every tree they cut down.


B.) The forests in country R are owned by the government. The government decides how and when trees are harvested and how the lumber will be processed.


C.) A lumber company in country Z is able to harvest trees from the land they own. They sell the processed lumber to the store willing to pay the highest price.

Answer 1

In a free market prices of commodity is regulated by buyers and sellers, hence option C is the correct option.

What is a free Market?

A free market is definded as one in which the control of the market is not determined by the government but by the buyers and sellers.

In summary, government do not have control in the free market system.

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