joudk8017 joudk8017
  • 03-09-2019
  • Social Studies
contestada

An economic system based on competition among businesses, without government interference, is known as what kind of market?

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millermoldwarp
millermoldwarp millermoldwarp
  • 05-09-2019

Answer:  The correct answer is :  free market

Explanation: The free market is an economic system based on supply and demand with little or no government control. They are voluntary exchanges, spontaneous. There is absence of conditions and forced transactions. There are unhindered competitions and there are only private transactions between buyers and sellers.

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