Question

Select all the items that describe a free market economy.

limited selection of goods and services
freedom for consumers and producers
competition between businesses
distribution by price
motivated by self-interest

Answer 1

freedom for consumers and producers

competition between businesses

distribution by price

motivated by self-interest

Step-by-step explanation:

Select all the items that describe a free market economy.

In a free market system ,there is an interaction between the forces of demand and supply. It is a market where prices are determined by private owners not rules and regulations by the government.

Items involved in a free market system are the following

a.freedom for consumers and producers

b. competition between businesses : The competition is free and fair for all

c .distribution by price : Distribution is by commodity prices

d. motivated by self-interest: Free markets is usually motivated by the interest to supply goods and services to meet the needs of the society and in turn, when there is a demand for goods and services, then buyers will show up.

Answer 2

the items that describe a free market economy are :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest

Hope this helps