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_________ is a market where economic agents can freely exchange their endowments with each other.
Question

_________ is a market where economic agents can freely exchange their endowments with each other.

A.

Market economy

B.

Centrally planned economy

C.

Aggregate demand based economy

D.

Aggregate supply based economy

Correct option is A

In a market economy, economic agents have the freedom to exchange goods and services based on supply and demand dynamics without excessive government intervention. This type of economy promotes free trade and allows agents to trade their endowments freely.

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CUET 2025 English Language Mock 01

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