A market in which buyers and sellers are free to buy and sell as they wish is known as a
A. global market.
B. common market.
C. free market.
D. world market.
is it A.
No.
ok it was C
No, the correct answer is C. free market.
To arrive at the correct answer, we need to understand the definitions of the options provided.
A. Global market: This refers to the worldwide market where goods, services, and investments can be freely traded across nations. While a global market may involve free trade, it is not specifically focused on the buyers and sellers having the freedom to buy and sell as they wish.
B. Common market: This is a type of economic integration or agreement between countries, where there is a free movement of goods, services, capital, and labor. While a common market may involve some level of freedom in buying and selling, it does not emphasize complete freedom for buyers and sellers.
C. Free market: This is a market system where buyers and sellers are able to freely engage in the buying and selling of goods and services, without significant government intervention such as price controls or regulations. In a free market, prices are determined by supply and demand, and participants have the freedom to make their own choices.
D. World market: This term generally refers to the global marketplace where goods, services, and capital are traded internationally. It does not specifically imply the freedom of buyers and sellers to make their own choices.
Based on the definitions provided, the correct answer is C. free market because it describes a market where buyers and sellers have the freedom to buy and sell as they wish, without significant government intervention.