What is primarily characterized by the trading of goods and services with minimal government intervention?

The emphasis on minimal government intervention is a hallmark of a free market economy. In this system, economic decisions, such as pricing, production, and distribution of goods and services, are primarily determined by the forces of supply and demand. This allows for greater consumer choice and encourages competition among businesses, which can lead to innovation and efficiency.

In a free market, individuals and businesses operate with a high degree of freedom, making choices that they believe will maximize their utility and profit. The minimal role of government means that there are fewer regulations and restrictions, allowing businesses to operate largely as they wish, adjusting quickly to consumer preferences and market conditions.

Other economic systems, such as socialism and communism, feature more significant government control over economic activity, particularly in production and distribution. In capitalism, while there is an emphasis on private ownership and capital accumulation, the level of government intervention can vary significantly. Thus, in the context of the question, a free market is most accurately characterized by trading with minimal government intervention.