Correct Answer: Capitalism

Solution : The correct answer is (b) Capitalism

Freedom of choice is a fundamental advantage of capitalism. In a capitalist system, individuals and businesses have the freedom to make their own economic decisions, such as what to produce, how much to produce, what to consume, and with whom to engage in trade. This freedom extends to choices related to employment, investment, entrepreneurship, and consumer preferences.

Capitalism allows individuals to pursue their self-interest and make decisions based on their own preferences and values. This includes the freedom to start and operate businesses, choose employment opportunities, set prices, and negotiate contracts. Individuals have the liberty to enter into voluntary transactions and exchanges with others based on mutual consent.