Which of the following is an important feature of a market economy?
Restricted resources use
Government regulation
O Public ownership of resources
© All of these
The profit motive

A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.

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gauravsingh23VT gauravsingh23VT · Answer 2 · 2022-07-12T14:39:50+02:00

Public ownership of resources is an important feature of a market economy, as the people are allowed to move freely.

What are the characteristics of market economy?

A market economy operates in accordance with supply and demand laws. Private ownership, freedom of choice, self-interest, competitive marketplaces, and minimal government interference are its defining characteristics.

Thus, option C is correct.

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Which of the following is an important feature of a market economy? Restricted resources use Government regulation O Public ownership of resources © All of these The profit motive

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What are the characteristics of market economy?

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Which of the following is an important feature of a market economy?
Restricted resources use
Government regulation
O Public ownership of resources
© All of these
The profit motive