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Which broad economic goal is related to the extent of personal choice an individual has for participating in economic markets?

a) efficiency
b) freedom
c) growth
d) security

1 Answer

4 votes

Final answer:

The broad economic goal related to personal choice in economic markets is b) freedom.

Step-by-step explanation:

The broad economic goal related to the extent of personal choice an individual has for participating in economic markets is freedom.

Economic freedom allows individuals to make their own decisions regarding where to work, how to work, for whom to work, and how to use the money earned. This includes the ability to choose what goods and services to buy or sell.

For example, in a market with high economic freedom, individuals can choose to start their own businesses, work for different companies, or allocate their earnings according to their personal preferences.

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