A market economy is rooted in the belief that ________.

Question

Quizplus · Accepted Answer

A market economy is based on the idea of individual freedom and individualism, where individuals are free to make economic decisions based on their own self-interest. This means that individual concerns are placed above group concerns. In a market economy, the government's role is limited and the economy is mostly run by the private sector. The other options (A, C, and D) all suggest that the government plays a more significant role in the economy, which is not a characteristic of a market economy.

A Market Economy Is Rooted in the Belief That ________