Question

Which of the following is not associated with the market principle? 1) Supply and demand 2) Competition 3) Government intervention 4) Consumer preferences

Answer 1

3) Government intervention

Explanation:

Government intervention is not typically associated with the market principle. The market principle is based on the idea of supply and demand, competition, and consumer preferences as key factors that influence economic transactions and the allocation of resources in a free-market system. Government intervention, on the other hand, involves actions taken by the government to regulate or influence economic activities, which can sometimes go against the principles of a purely market-driven system.