Question

Which of the following is NOT part of a market economy?

a) Most economic decisions are made by central governments.
b) Product prices are the principal mechanism for communicating information in the system.
c) Consumers are free to decide what goods and services to purchase.
d) The government plays a primary role in protecting private property rights.

Answer 1

The factor that is NOT part of a market economy is most economic decisions being made by central governments.

Step-by-step explanation:

In a market economy, most economic decisions are made by consumers and firms, not central governments. Therefore, option (a) - Most economic decisions are made by central governments - is NOT part of a market economy.