Which type of economy is based on competition in the marketplace and private ownership of the factors of production?
A) command economy
B) planned economy
C) market economy
D) mixed economy
Correct Answer:
Verified
Q2: Which type of economy does Canada have?
A)
Q3: A country's government combines laws and policies
Q4: What is the definition of microeconomics?
A) monetary
Q5: Which is an example of a factor
Q6: What is the definition of macroeconomics?
A) changes
Q7: Which one characteristic most clearly defines a
Q8: The relationship of the inputs and outputs
Q9: The agricultural sector in Guatemala accounts for
Q10: Which of the following is an example
Q11: To examine how the sectors of the
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