Ask Question
BusinessBusiness
6 September, 01:47

A free market exists

A. when the government places few restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.

B. when the government places absolutely no restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.

C. only in fiction. There are no markets or economies which even come close to approaching the status of a free market.

D. when the government places significant restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.

+2
Answers (1)
  1. 6 September, 05:27
    0
    Answer: Option A

    Explanation: In a free market structure, the majority of resources in the economy are owned and controlled by the private owners. The prices of commodities produced in such a market structure are determined by the market forces of demand and supply.

    The rules and restrictions imposed by the govt. in such a market structure exists but at a very small extent. The govt. in such a market structure controls only those industries which are important for national security and development.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A free market exists A. when the government places few restrictions on how a good or a service can be produced or sold or on how a factor ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Boeing is known for airplanes, but they actually have a long history is space. since nasa's beginning, boeing has been a contractor on every manned space program, including building the parts for the international space station.
Answers (1)
The direct write-off method is used when: Multiple Choice Uncollectible accounts are not anticipated or are immaterial. A company elects to use this method as one of several alternatives. A company has greater cash outflows than cash inflows.
Answers (1)
The project will require an initial investment of $20,000, but the project will also be using a company-owned truck that is not currently being used. This truck could be sold for $14,000, after taxes, if the project is rejected.
Answers (1)
Match the situations to the sociocultural factors that could cause barriers to global trade. behavior religion language stability Ben, a US citizen, is planning on setting up a business with Japan.
Answers (2)
Mardist Corporation has sales of $100,000, variable expenses of $75,000, fixed expenses of $30,000, and a net loss of $5,000. How much would Mardist have to sell to achieve a profit of 10% of sales
Answers (1)
New Questions in Business
who talked about this clue "it will gain you more knowledge, intensify your soft skills, strong work ethics and grow your network" what is it?
Answers (1)
Which of the following would most likely be classified as a current liability? a. bond payable b. two-year note payable c. mortgage payable d. unearned rent
Answers (1)
In the long run, each firm in a competitive industry earns A. zero accounting profits. B. zero economic profits. C. positive, negative, or zero economic profits. D. positive economic profits.
Answers (1)
Methods that FNB can use to compete with other bankes in SA
Answers (1)
Discuss how SAS has been successful in cultivating and enhancing employees skills. In what ways are SAS's organizational approaches targeted to ensuring job satisfaction? Discuss if other companies would be successful in adopting the "SAS approach.
Answers (1)
Home » Business » A free market exists A. when the government places few restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed. B.
Sign Up Forgot Password?