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Question
which of the following is a defining feature of free markets?
the government does not interfere in any way with the economic decisions of buyers and sellers.
there are a large number of buyers and sellers.
the means of production are owned by the government, not private individuals.
workers have no incentive to work hard or produce quality products.
In a free - market system, the key characteristic is minimal government intervention. While a large number of buyers and sellers is a common feature, it's not the defining one. Government - owned means of production is characteristic of a planned economy, not a free market. And workers in a free market do have incentives.
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The government does not interfere in any way with the economic decisions of buyers and sellers.