Friedrich Hayek advocated for an economic system based on:
A. regulating businesses to protect consumers.
B. allowing businesses to freely set and change prices.
C. sharing the profits from all industries with workers.
D. ensuring fair economic outcomes for all citizens

Friedrich Hayek advocated for an economic system based on allowing businesses to freely set and change prices. Option B. This is further explained below.

What is an economic system?

Generally, the economic system is simply defined as Societies and governments using economic systems to coordinate the distribution of available resources, services, and products within a geographical area.

In conclusion, Friedrich Hayek pushed for a free market economy in which firms could freely establish and alter their own pricing without interference from the government.

Friedrich Hayek advocated for an economic system based on: A. regulating businesses to protect consumers. B. allowing businesses to freely set and change prices. C. sharing the profits from all industries with workers. D. ensuring fair economic outcomes for all citizens

Respuesta :

What is an economic system?

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Friedrich Hayek advocated for an economic system based on:
A. regulating businesses to protect consumers.
B. allowing businesses to freely set and change prices.
C. sharing the profits from all industries with workers.
D. ensuring fair economic outcomes for all citizens