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QUESTION IMAGE

which of the following means that the markets are dictated by market fo…

Question

which of the following means that the markets are dictated by market forces, i.e. supply and demand? self - interest private property limited government free markets

Explanation:

Brief Explanations
  • Self-interest refers to individuals acting for their own gain, which drives market activity but is not the system dictated by supply and demand.
  • Private property is the right to own assets, a feature of market systems but not the term for supply/demand-driven markets.
  • Limited government means minimal state intervention, which supports such markets but is not the market system itself.
  • Free markets are economic systems where prices and production are determined by the competing forces of supply and demand, with little to no government control.

Answer:

free markets