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8 April, 11:20

What is the purpose of a free-market system?

A. To protect the conditions that enable

specialization

B. To stimulate the growth of the gross domestic

product

C. To raise the standard of living for everyone in the

country

D. To allow consumers and producers to make their

own decisions

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Answers (2)
  1. 8 April, 12:36
    0
    To allow consumers and producers to make their own decision
  2. 8 April, 13:09
    0
    D. To allow consumers and producers to make their

    own decisions

    Explanation:

    A free-market system is the market form determined by free market forces of demand and supply.

    No government intervention takes place in this form of market as in a centrally planned economic system. This non - intervention of the government prevents economic distortions in the system, which is good for the market.

    In a free market system the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.

    Hence, it can be said that the purpose of a free-market system is to allow consumers and producers to make their own decisions.
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