QUESTION IMAGE
Question
which statement completes the chart?
the government decides production through central planning
there is an abundance of choice for consumers in the free market
consumers control the market while producers attempt to keep up
the public encourages private manufacturers to produce a wide range of products.
In a free - market economy, one of the key characteristics is that consumers have a large number of choices as producers compete to meet consumer demands. The first option is related to a planned economy. The third option over - simplifies the relationship in a free market as it's more of an interaction between consumers and producers rather than consumers solely controlling. The fourth option is not as fundamental a characteristic as the abundance of choice.
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There is an abundance of choice for consumers in the free market