A market economy is based on

O the public

O a vote

O personal choice

O no choices

the answer is * personal choice.

Explanation:

A market economy is also called a "free market economy" or Liberal capitalist economic system as the system is mainly based on the individual property rights, individual property ownership, free trade, enterprises and price mechanism.

For a market economy to function effectively, the economic actors must have the economic freedom of choice. heavy regulation of economic activities eventually and inevitably lead to the market failure.