Certain fundamental features of the Austrian School are how it considers the market economy as:
A) an entrepreneur-driven, dynamic process of search and learn
B) a giant experimental laboratory
C) a dynamic system, the most central aspect of which is the endless stream of knowledge that individuals generate and distribute through their choices and actions
D) a system in which each individual possesses crucial information in order to make a rational decision
E) a system in which price mechanisms control supply and demand
F) a system which is always seeking, striving for and attaining equilibrium

Question

Quizplus · Accepted Answer

The Austrian School views the market as a dynamic, entrepreneur-driven process where individuals generate and distribute knowledge through their actions, and as a giant experimental laboratory.

Certain Fundamental Features of the Austrian School Are How It