Behaviour in free-market economies is
A)determined by a central authority.
B)based primarily on custom and habit.
C)mostly directed by self-interest.
D)mostly affected by elements of tradition and government command.
E)random and unpredictable.

Question

Quizplus · Accepted Answer

Free-market economies operate under the principle of self-interest, where individuals and businesses pursue their own goals and objectives. This behavior ultimately drives the supply and demand of goods and services in the market, leading to price fluctuations and economic growth. While tradition and government command can influence market behavior, it is primarily driven by self-interest.

Behaviour in Free-Market Economies Is