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Type of economic system where citizens and businesses make most of the economic decisions. They can become entrepreneurs and own private land and companies. Supply and demand determines prices of goods and services, as well as wages and salaries.
Group of answer choices

command economy

free market economy

traditional economy

Respuesta :

Free market is the economy where individuals and businesses makes the economic decision.

What is free market economy?

In free market economy, all the individuals and businesses enjoys the freedom of launching the new product or ideas any time on the basis of the consumers need.

There is minimal interference of the government on the production and the prices in this type of the economy.

The production is regulated by the demand and supply.

Learn more about free market economy here:-

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