Ask Question
22 August, 14:56

What is an important characteristic of a market economy?

+4
Answers (2)
  1. 22 August, 15:10
    0
    One of the most important characteristics of a market economy, also called a free enterprise economy, is the role of a limited government. Most economic decisions are made by buyers and sellers, not the government. A competitive market economy promotes the efficient use of its resources. It is a self-regulating and self-adjusting economy. No significant economic role for government is necessary. However, a number of limitations and undesirable outcomes associated with the market system result in an active, but limited economic role for government.
  2. 22 August, 17:13
    0
    Answer:is is short answer
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is an important characteristic of a market economy? ...” in 📙 Law if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers