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30 March, 17:13

A key feature of market economies is that the market economy:

a. have government planners to allocate all economic resources.

b. allocate resources by everyone acting in their own self-interest.

c. are based solely on consumer spending.

d. always elect their government officials

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Answers (1)
  1. 30 March, 19:13
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    The answer is b. allocate resources by everyone acting in their own self-interest.

    Explanation:

    A market economy is a system where the laws of supply and demand direct the production of goods and services. One of the key characteristics of a free market economy is that all resources are privately owned.
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