In a market capitalist economy:
A) factors of production are owned privately and decisions about their use are basically made by individuals.
B) factors of production are owned by the government but decisions about their use are made privately.
C) private ownership exists but decisions about resource allocation are usually made centrally by the government.
D) there is no role for the government.

Question

Quizplus · Accepted Answer

In a market capitalist economy, factors of production are owned by individuals or private entities, and decisions about their use are mostly made by these individuals. The government does not play a significant role in resource allocation in such an economy.

In a Market Capitalist Economy