QUESTION IMAGE
Question
which of the following is a characteristic of a free - market economy?
a. individual choice
b. centralized planning
c. government influence in the private sector
d. community ownership of resources
In a free - market economy, individuals have the freedom to make choices regarding production, consumption, and investment. Centralized planning (option B) is a characteristic of a planned economy. Government influence in the private sector (option C) is more prominent in a mixed or regulated economy rather than a free - market economy. Community ownership of resources (option D) is related to a socialist or communal economic system. So, individual choice is a key characteristic of a free - market economy.
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A. individual choice