Which of the following is true of a free market system 0 It

Which of the following is true of a free market system 0 It is also called modified capitalism. In a free market system, all economic decisions are made without government intervention. O In a free market, a government regulates business. O It is different from laissez fair capitalism. 0 In a free market system, central government planning determines what goods and services satisfy citizens\' needs

Solution

The correct choice is : - In a free market system, all economic decisions are made without government intervention

Explanation : - A free market is an economic system where economic decisions are left up to individuals and voluntary associations of individuals such as corporations i.e. all economic decisions are made without government intervention.

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The correct choice is : - China

Explanation : - China has become the  first communist country to make strong economic gains by adopting capitalist approaches to business.