Because decisions in a market economy are guided by individual self-interest,what exists in an economy
A)a strong need for government intervention in the market
B)less efficiency in market economies than in command economies
C)the ability to achieve desirable economic well-being for society as a whole
D)more need for a strong legal system to control individual greed

Question

Quizplus · Accepted Answer

In a market economy, individual self-interest leads to competition and the pursuit of profits, which can result in greater efficiency and innovation. As a result, a market economy has the ability to achieve desirable economic well-being for society as a whole. This does not necessarily mean that government intervention is not needed to address market failures or protect the vulnerable, but it means that the market system itself can provide benefits for society. Choices A, B, and D are incorrect because they do not accurately reflect the characteristics of a market economy.

Because Decisions in a Market Economy Are Guided by Individual