Question


Which statement is a characteristic of a market economy?

Businesses are privately owned without government involvement.

Resources are controlled by the government.

Businesses are controlled by the government.

The economy is based on tradition and customs.
GPT-4o mini
The correct statement that is a characteristic of a market economy is:

**Businesses are privately owned without government involvement.**

In a market economy, the decisions regarding production, investment, and distribution are guided by the interactions of citizens and businesses in the marketplace.

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