Which type of economy is least likely to have government intervention?

A market economy is characterized by minimal government intervention, relying instead on the forces of supply and demand to allocate resources and determine prices. In this system, individuals and businesses operate with significant freedom to make their own economic choices. The prices of goods and services are set primarily through the interactions of buyers and sellers in the marketplace, reflecting the desires and behaviors of consumers.

In contrast, a command economy typically features strong government oversight, directing production and resource allocation through central planning. Similarly, a mixed economy combines elements of both market and command economies, where the government plays a role in regulating or controlling certain aspects while allowing market forces to operate in others. A socialist economy emphasizes collective or governmental ownership and control of resources, which directly involves government intervention in many economic activities.

Thus, the defining trait of a market economy is its reliance on individual initiative and voluntary exchange, making it the type of economy least likely to involve government intervention.