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

Question

Quizplus · Accepted Answer

Free-market economies are based on the concept of self-interest, where individuals and firms make decisions in their best interest. This leads to competition and efficient allocation of resources in the economy. While tradition and government command may have some influence, they are not the primary drivers of behavior in free-market economies.

Behaviour in Free- Market Economies Is