Which of the following characteristics is least unique to a market system?
A) private ownership of property resources
B) competition among buyers and sellers pursuing monetary returns
C) the widespread use of money
D) freedom of enterprise and choice

Question

Quizplus · Accepted Answer

The use of money is not unique to a market system as it is also used in other economic systems such as command and traditional. Private ownership of property resources, competition among buyers and sellers, and freedom of enterprise and choice are all key characteristics unique to a market system.

Which of the Following Characteristics Is Least Unique to a Market