Which of the following is a fundamental characteristic of the market system?
A)property rights
B)central planning by government
C)unselfish behavior
D)government-set wages and prices

Question

Quizplus · Accepted Answer

Property rights are fundamental to the market system because they allow individuals to own and control the use of their property, which is essential for the functioning of a market economy. This encourages investment, innovation, and efficient resource allocation.

Which of the Following Is a Fundamental Characteristic of the Market