A market economy is an economy where

Question

Quizplus · Accepted Answer

In a market economy, individuals have the freedom to make their own production and consumption decisions, and exchange goods and services in a market. The government's role is limited and mostly confined to setting rules and regulations to ensure fair competition and protect property rights. Option A describes a command economy, option C describes a planned economy, and option D describes a dictatorship or totalitarian regime, none of which are market economies.

A Market Economy Is an Economy Where