A characteristic of the market system is:
A) Extensive use of direct methods of production
B) A focus on labor, as opposed to capital resources
C) Reliance on the use of capital goods to expand total output
D) Avoidance of producing goods that do not satisfy consumer wants directly

Question

Quizplus · Accepted Answer

The market system relies heavily on the use of capital goods, such as machinery and technology, to increase and expand total output. This is because the market system emphasizes efficiency and productivity, which can only be achieved with the aid of capital resources. The other options are not correct as they do not accurately describe the characteristics of the market system.

A Characteristic of the Market System Is