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Which of the following has a pure market economy?

a. the United States
b. China
c. Great Britain
d. none of the above

1 Answer

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From the options above, the closest is the US, but even the US does not have a pure market economy, as some aspects of the economy are regulated by the government: for example education.

Since none of the options have a pure market economy, the correct answer is d: none of the above.

China has a command economy, which means that the government controls even more than in the US (almost everything). UK is more similar to US, but still a lot of its economy is controlled by the government.
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