what is a free market economy? where the government owns the factors of production and makes key economic…
what is a free market economy? where the government owns the factors of production and makes key economic decisions where individuals own the factors of production and government keeps their hands out of the economy
Answer
Brief Explanations:
In a free - market economy, individuals and private entities own the factors of production (land, labor, capital, entrepreneurship) and economic decisions are made through the interaction of supply and demand in the market, with minimal government intervention.
Answer:
Where individuals own the factors of production and government keeps their hands out of the economy