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Question 6

In which of the following lists of mixed economies does the free market system dominate?
CubaGreece, China, United States
North Korea, France, South Africa
United States United Kingdom, Singapore, Canada
Russia, Peru, France, Canada

User Jan Berndt
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Answer:

United States United Kingdom, Singapore, Canada

Step-by-step explanation:

The free market system is an economic model where demand and supply forces determine production. The government does not interfere with economic transactions in the country. In the free market economy, the factors of production are in the hands of the private sector.

Free-market economies contrast with command economies where the government owns and controls production the factors of production. China, Russia, North Korea, and Cuba are countries with command economic model.

User Passatgt
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