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Question
Free market conditions exist in ______system.
Free market conditions exist in ______system.
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Solution
The correct option is C Capitalist economy
The free market condition is a situation where the market works on demand and supply needs with little or no government control. The capitalist system supports such an economic system. No modern country operate completely as a free market. Although, least restrictive markets indicates that countries value private property, capitalism, and an incentive to pursue profit. Hence, option C capitalist economy is correct.
The free market condition is a situation where the market works on demand and supply needs with little or no government control. The capitalist system supports such an economic system. No modern country operate completely as a free market. Although, least restrictive markets indicates that countries value private property, capitalism, and an incentive to pursue profit. Hence, option C capitalist economy is correct.
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