Question
One of the features of a free market economy is
Answer: Option B
Answer: (b)
Consumer Sovereignty is one of the features of a free-market economy.
It refers to the assertion consumer preferences determine the production of goods and services. In a free market system, market performance is in fact responsive to the specific wants of the consumers within the system.
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Answer: (b)
Consumer Sovereignty is one of the features of a free-market economy.
It refers to the assertion consumer preferences determine the production of goods and services. In a free market system, market performance is in fact responsive to the specific wants of the consumers within the system.
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