Asked by Briahna Ellis on Jul 21, 2024

verifed

Verified

In which system do buyers and sellers freely interact in markets without governmental interference? 

A)  traditional system 
B)  mixed economic system 
C)  pure free-command system 
D)  pure free-market system

Pure Free-market System

An economic system where transactions are made without government intervention, based solely on the forces of supply and demand.

Mixed Economic System

An economic system that blends aspects of both capitalism and socialism, incorporating both private and government involvement in economic activities.

Traditional System

A social or economic system based on long-standing customs, practices, and traditions, often within specific communities or cultures.

  • Identify and differentiate between various economic systems and their characteristics.
verifed

Verified Answer

JC
Janet CisnerosJul 25, 2024
Final Answer :
D
Explanation :
A pure free-market system is characterized by a lack of governmental interference in the interactions between buyers and sellers in markets. It is also known as a capitalist system. In a free-market system, prices are determined by supply and demand, and there is little to no regulation of businesses or industries.