What do you mean by the term ‘free market’?​ a. ​It refers to the process whereby buyers and sellers interact or trade under government regulation. b. ​It refers to the process whereby buyers and sellers voluntarily interact or trade without any interference or restrictions. c. ​It refers to a market where buyers and sellers pay for goods and services in kind and not in cash. d. ​It refers to a market where assets are traded after they have been sold in the primary market. e. ​It refers to a market where the demand for the product being traded is not affected by a change in the price of the product.

What do you mean by the term ‘free market’?​
a. ​It refers to the process whereby buyers and sellers interact or trade under government regulation.
b. ​It refers to the process whereby buyers and sellers voluntarily interact or trade without any interference or restrictions. c. ​It refers to a market where buyers and sellers pay for goods and services in kind and not in cash.
d. ​It refers to a market where assets are traded after they have been sold in the primary market.
e. ​It refers to a market where the demand for the product being traded is not affected by a change in the price of the product.

 

 

Answer:

  1. b. It refers to the process whereby buyers and sellers voluntarily interact or trade without any interference or restrictions. A free market means there is no restriction on trade by Government or any agency in the form of quotas or taxes or duties.
Asked on February 15, 2018 in economics.
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