What is one component necessary for markets to work?
A) government intervention
B) a non-profit sector of society
C) property rights
D) abundant resources

Question

Quizplus · Accepted Answer

Property rights are necessary for markets to work. If individuals and businesses do not have the ability to own, control, and make decisions about their property and resources, then the incentive to participate in the market and invest in those resources decreases. Government intervention and a non-profit sector may play a role in shaping the market, but they are not necessary components for it to function. Abundant resources may facilitate market activity, but they are not a necessary component for markets to work.

What Is One Component Necessary for Markets to Work