What is a characteristic of a market economy?

Question

Responses

Most goods are public goods offered by the government.
Most goods are public goods offered by the government.

Most goods and services are offered by businesses.
Most goods and services are offered by businesses.

People produce their own goods.
People produce their own goods.

The production of goods and services is divided evenly between businesses and the government.
The production of goods and services is divided evenly between businesses and the government.

Answer 1

The correct characteristic of a market economy is:

Most goods and services are offered by businesses.

In a market economy, the production and distribution of goods and services are primarily determined by supply and demand, with businesses operating to meet consumer needs.