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

Answer 1

The answer here would be A. because free market eco is people mostly just trading goods for goods, with no government interference.

Answer 2

A. Individual choice is the correct answer.

Step-by-step explanation:

In a free market system, the prices for goods and services are determined by the open market. The forces and law of demand and supply are free from government intervention or any other authority. It is different from regulated markets in which the government intervenes in the demand and supply by creating barriers or price-fixing, While in free-market the prices are allowed to reach their equilibrium without any government intervention