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In a free market economy, resources are allocated through the ____________

In a free market economy, resources are allocated through the ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Government department
  • B Price mechanisms
  • C Trade union
  • D State planning committee.
Correct Answer: Option B
Explanation:
In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.

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