Question

Select all that apply.

Select the items that describe a free market economy.

efficient market system
distribution of goods through price
competition among businesses
small selection of goods and services
little freedom for producers

Answer 1

• Efficient market system.
• Distribution of goods through price
• Competition among business.

Explanation:

• Free market system is efficient and had wide array of sphere.
• In a free market system goods are distributed through price . As it include both consumers and producers which only deals on price.
• As in free market system there is no role of government, so there is a competition between businesses and business man to achieve greatest profit .