Complete this sentence: 'Because the market is based on …… it places power in the hands of businesses, which are able to make decisions about the use of resources'.
A) Private ownership
B) Voluntary exchange
C) Competition
D) Profit motive

Question

Quizplus · Accepted Answer

Private ownership is a fundamental principle of market economies, where businesses owned by private individuals or entities have the autonomy to make decisions regarding the use of resources, production, and distribution based on market demands and opportunities for profit.

Complete This Sentence: 'Because the Market Is Based on ……