Why did liberals support a free-market economy?

Why did liberals support a free-market economy?
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Last Answer : Capitalist economic system is called free market economy. In this economic system the production , distribution , distribution of goods are all driven by the interaction of demand for ... individual ownership of society and the freedom of individual decision making in production and distribution.

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Description : What is a free market economy ?

Last Answer : An economy in which the government has no influence is called a free market economy.

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One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

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Last Answer : (4) consumer's sovereignty Explanation: 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 ... market performance is in fact responsive to the specific wants of the consumers within the system.

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Last Answer : (2) is free from the Government control Explanation: A market economy is an economic system in which economic decisions and the pricing of goods and services are guided solely by the ... little government intervention or central planning. The United States is the world's premier market economy

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Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

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Last Answer : : a) Minimal government intervention in trade and minimum regulations

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Last Answer : consumer’s sovereignty

In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and supply forces in the market (3) the private-sector takes all the decisions for price-determination of various commodities produced (4) the Government controls the allocation of all the factors of production

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Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market

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Last Answer : is free from the Government control

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Last Answer : D) These people live a dignified life like others along with 'A' 

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Last Answer : In economics, market does not refer to a specific place , but refers to the transaction of a particular commodity by fixing the price through bargaining between buyers and sellers.