Match the following.You may use a response once,more than once,or not at all.
-Characterized by private ownership of property and allocation of resources by the law of supply and demand
A)Market system
B)Domestic business
C)International business
D)Market economy
E)Multinational business
F)Global economy

Question

Quizplus · Accepted Answer

A market economy is a system where resources are allocated based on the law of supply and demand, and there is private ownership of property.

Answer: A
 A market system is another term for a market economy, which is characterized by private ownership of property and allocation of resources by the law of supply and demand.

Answer: F
 The global economy refers to the interconnectedness of economies around the world, where goods, services, and information flow freely across national borders.

Note: The remaining options (B, C, and E) are not suitable choices as they do not fully describe a market economy or its characteristics.

Match the Following