Question

Market economies are characterized by each of the following except: a. individuals have the right to own private property. b. businesses are run to earn a profit for their owners. c. governments strictly regulate how businesses may operate. d. businesses buy and sell goods and services in competitive markets.

Answer 1

The correct answer is c.

Step-by-step explanation:

The market economy has as one of its main pillars the non-intervention of governments to strictly regulate how companies can operate. It should only provide a legal framework that allows companies to compete freely. This includes the protection of the right to property, the mediation of disputes through courts and subsidiary action in cases where competition is limited.

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