What is the basis for a market economy?
A) The ability to pursue an interest with minimal government restriction.
B) The ability to limit profits on competitors based on government restriction.
C) The ability to offer a good or service at a variety of price points.
D) A limitation on the number of competitors the government will allow within a specific geographic region.
E) A large number of smaller firms in an industry will limit influence.

Question

Quizplus · Accepted Answer

A)Market economies rely on a private enterprise system-one that allows individuals to pursue their own interests with minimal government restriction.

What Is the Basis for a Market Economy