In a ________, the majority of a nation's land, factories, and other economic resources are privately owned by individuals or businesses.
A) market economy
B) centrally planned economy
C) communist system
D) mixed economy

Question

Quizplus · Accepted Answer

In a market economy, the resources are owned and controlled by private individuals and businesses who make decisions based on supply and demand. The government has little involvement in regulating the economy.

In a ________, the Majority of a Nation's Land, Factories