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

Question

Quizplus · Accepted Answer

One of the main features of a market-directed economic system is that consumers have substantial freedom of choice. This means that consumers can choose from a variety of goods and services based on their preferences and budgets. However, profit, growth and survival are not guaranteed, government may have a limited role in regulating the market, and there is significant interaction between producers and consumers. Therefore, options B, C, and D are incorrect.

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