Which of the following drives the free market economy?

a.
the needs and wants of the people

b.
the supply of goods in the market

c.
the number of consumers in the market

d.
the gross domestic product

A. The needs and wants of the people

Explanation:

Free market economy is a situation whereby the prices and productions are determined freely by the needs and wants of the people. That is, the force of demand and supply, or the buyers and sellers conducting businesses without government regulation. In other words, it's a purely capitalist economy, where by the profit is what dictates how the businesses are conducted such that it functions at optimum level, so as not to lose ground/market share to competitors.

Example of countries operating free market economy are but not limited to China, Hong Kong,Singapore etc.

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