Which of the following statements about a market-directed economic system is True?

Question

Quizplus · Accepted Answer

In a market-directed economic system, consumers have the freedom to choose what goods and services they want to purchase. However, profit, growth, and survival are not guaranteed, and the government has some role in regulating the market to ensure competition and consumer protection. There is also significant interaction between producers and consumers in order to determine supply and demand. Therefore, option A is the only true statement.

Which of the Following Statements About a Market-Directed Economic System