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28 December, 06:40

Which of the following groups of players make all of the economic decisions

in a free-market system?

A. Government planners

B. Economic experts

C. Consumers and producers

D. Workers

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Answers (1)
  1. 28 December, 06:53
    0
    Answer:Option C Consumers and producers

    Explanation:

    In a free market there is no government control or it has very little intervention. Here the individuals make the economic decisions in this case. The laws of supply and demand forms the basis for the economic system in free market system.

    A complete Free market system does not actually exist in a country it will be constrained to some extent. There is no obstruction in competition in this market system. The transactions between buyers and sellers are private.
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