Question

In a free-market economy, the services of ___________ are available only at some price.

• A. government
• B. factors of production
• C. housewives
• D. none of the above

Answer 1

The correct option is B factors of production

In a free market economy, prices of commodities in the market are affected by the forces of demand and supply that generates open competition in the market which leads to optimum allocation and utilization of resources because the prices of the factor of production depends upon the demand and supply of the commodities produced by it.