Which of the Following Is a Key Characteristic of Economic

question 15

Multiple Choice

Which of the following is a key characteristic of economic freedom?

• A)institutions and policies supportive of voluntary exchange
• B)freedom to compete
• C)protection of people and their property from aggressors
• D)all of the above

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Definitions:

Distributor

An entity that buys non-competing products or product lines, warehouses them, and resells them to retailers or direct to the end users or customers.

Intermediaries

Intermediaries are agents or businesses that act as middlemen in the distribution process, linking producers with consumers or other businesses.

Retailer

A business entity that sells goods or commodities directly to consumers, typically in small quantities.