General Knowledge · General Studies
What is a key characteristic of a free market economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Fixed market prices
- 2Government control of production
- 3Consumer sovereignty✓
- 4Strict import-export regulations
Correct answer
Consumer sovereignty
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Knowledge?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice General Studies MCQs →Want more practice questions on General Studies?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Knowledge · General Studies