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Q. |
One of the features of a free market economy is - |
A. | active state intervention |
B. | public ownership of factors of production |
C. | rationing and price control |
D. | consumer's sovereignty |
Answer» D. consumer's sovereignty | |
Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and services. In a free market system, market performance is in fact responsive to the specific wants of the consumers within the system. |
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