Market economies have all of the following characteristics, except that they
allow businesses to charge whatever they want for their products and services.
encourage entrepreneurship by offering profits as an incentive.
require government intervention in order to prosper.
rely on markets, not governments, to decide what, when, and for whom to produce.
allow customers free choice.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q52: The role of government in our economic
Q53: What is the difference between privatization and
Q54: Which of the following is correct with
Q55: Which of the following is correct with
Q56: Canada is home to a(n) _ economy.
mixed
Q58: Which of the following is correct with
Q59: Which of the following is correct with
Q60: John has just received a rather handsome
Q61: Incentive programs are designed to
encourage families to
Q62: If a semiconductor firm is opening a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents