Under a market system of resource allocation,the most important limitations on individual freedom of action are imposed by

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In a market system, resources are allocated based on supply and demand. This means that individuals can only consume and produce goods and services to the extent that the resources needed to do so are available. Since resources are limited or scarce, individuals are restricted in their freedom of action by the scarcity of available resources. They cannot consume or produce beyond what the resource availability allows.

Under a Market System of Resource Allocation,the Most Important Limitations