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One of the features of a free market economy is
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- active state intervention
- public ownership of factors of production
- rationing and price control
- consumer’s sovereignty
- active state intervention
Correct Option: D
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.
