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16 July, 04:45

A market economy is based on

O the public

O a vote

O personal choice

O no choices

+1
Answers (1)
  1. 16 July, 07:27
    0
    the answer is * personal choice.

    Explanation:

    A market economy is also called a "free market economy" or Liberal capitalist economic system as the system is mainly based on the individual property rights, individual property ownership, free trade, enterprises and price mechanism.

    For a market economy to function effectively, the economic actors must have the economic freedom of choice. heavy regulation of economic activities eventually and inevitably lead to the market failure.
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