Ask Question
5 June, 17:48

A market economy is based on

O the public

O a vote

O personal choice

O no choices

+1
Answers (1)
  1. 5 June, 18:02
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A market economy is based on O the public O a vote O personal choice O no choices ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers