A characteristic of the market system is
A) extensive use of direct or manual methods of production.
B) a focus on labor, as opposed to capital resources.
C) reliance on the use of capital goods in indirect modes of production.
D) avoidance of producing goods that do not satisfy consumer wants directly.

Question

Quizplus · Accepted Answer

The market system relies on the use of capital goods in indirect modes of production, such as investing in machinery or technology to increase productivity and efficiency. This is one of the key features of capitalism, in contrast to more traditional economies that may use manual labor and focus more on immediate consumption rather than long-term investment. The other choices are not accurate descriptions of the market system.

A Characteristic of the Market System Is