in a free market economy,what do private citizens and businesses base their economic decisions on

Question

10-04-2020
Social Studies

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in a free market economy,what do private citizens and businesses base their economic decisions on

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masad masad · Answer 1 · 2020-04-10T04:33:58+02:00

Answer:

Free market, an unregulated system of economic exchange, in which taxes, quality controls, quotas, tariffs, and other forms of centralized economic interventions by government are either nonexistent or minimal. The free market represents an ideal that does not actually exist.

Explanation:

Economic system in which basic economic decisions are made by a central authority. Market economy. Economic system in which basic economic decisions are made by people and firms acting in their own best interests.