Detailed explanation and options for the selected question.
What is the main feature of a free-market economy?
A.
Government control over resources
B.
Decentralized decision-making by individuals
C.
High taxes to support welfare programs
D.
Centralized planning of economic activities
Explanation:
In a free-market economy, individuals and businesses make decisions independently. Centralized planning and government control are features of other economic systems.
Related Topics
Five-Year Plans and Transition to New Planning Framework