Which of these is a characteristic of a market economy?

jacksoneaton jacksoneaton    1   14.02.2022 06:50    10

aubreyfoster aubreyfoster  14.02.2022 06:50

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


One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government. Most economic decisions are made by buyers and sellers, not the government. A competitive market economy promotes the efficient use of its resources.

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