In a market economy, access to alternative purchase options is known as ________.
A) free choice
B) free enterprise
C) purchase flexibility
D) laissez-faire

Question

Quizplus · Accepted Answer

Access to alternative purchase options is known as free choice, which is a fundamental concept in a market economy. It allows individuals to make their own decisions regarding what to buy and from whom to buy it, leading to competition among businesses and ultimately benefiting consumers through lower prices and improved quality.

In a Market Economy, Access to Alternative Purchase Options Is