What are indicators of a Free Market Economy? Choose all that apply.

A)
Buyers go to government markets with ration coupons.
B)
Sellers raise prices because of demand and scarcity.
c)
Buyers and Sellers set market prices on goods and services.
D)
The government decides career paths for 18 to 24-year-olds.
E)
Producers only build and create items that make the most profits of

Answer :

Tundexi

Indicators of a Free Market Economy are:

• Sellers raise prices because of demand and scarcity

• Buyers and Sellers set market price of goods and services

Free Market Economy is an economic system where law of supply & demand and economical exchange provides the sole basis for the system without control from the government.

Features of Free Market Economy system are:

Resources are owned by individuals (buyers and sellers) in this system

• Decision on allocation of resources are from individuals

• There is little or no government control

• Supply, demand and pressure of competition are determinant of decision making.

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