Answer to Question #178646 in Macroeconomics for James Erengwa

Question

In a market-oriented economy, no government:

a. Can exist.

b. Agency or guiding intelligence oversees responses and interconnections resulting from a change in price.

c. Is ever necessary.

d. All of the above.

e. Potatoes.

Answer 1

c. Is ever necessary.

The free market is an economic system based on supply and demand with little or no government control