Which of the following attributes are characteristics of a free-market economy as an economic system? a private ownership of production factors b free competition c profit motive recognised d limited right to strike in state enterprises a. a b
In a free-market economy, the following attributes are characteristics of the economic system:
- a) Private ownership of production factors
- b) Free competition
- c) Profit motive recognized
d) Limited right to strike in state enterprises would not typically be characteristic of a free-market economy, as free-market principles generally emphasize individual rights and freedoms, including the right to strike.
Therefore, the correct answer is:
**c. a b c**