Question

4) Match the free market economy characteristics with the words.

and how to use it.
Individuals have the right to decide what to buy, when to buy it,
Businesses can freely compete in an open market and decide
what to produce and when to produce it.
Individuals have the right to trade in their own markets with
prices freely established by the laws of supply and demand.
In a free market economy, individuals are allowed to own their
own property. This not only includes land, but also goods. The government exists to enforce
private property rights through the use of law enforcement and court systems.
Individuals and businesses have the right and incentive to
produce a profit. At an individual level, it means you have the right to earn money and build
savings.

Answer 1

A free market economy allows individuals to make choices about what to buy, businesses to compete and decide what to produce, individuals to trade with freely established prices, and individuals and businesses to earn profits.

Step-by-step explanation:

Free Market Economy Characteristics

• Individuals have the right to decide what to buy, when to buy it
• Businesses can freely compete in an open market and decide what to produce and when to produce it
• Individuals have the right to trade in their own markets with prices freely established by the laws of supply and demand
• In a free market economy, individuals are allowed to own their own property. This not only includes land, but also goods. The government exists to enforce private property rights through the use of law enforcement and court systems
• Individuals and businesses have the right and incentive to produce a profit. At an individual level, it means you have the right to earn money and build savings

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