Select all indicators of a market system. No government interference in economics No limit on the amount of money individuals can make Basic needs of the populace provided by the government Right to private ownership of industries

Question

Social Studies

Lindsay Hill

17 July, 23:54

Select all indicators of a market system. No government interference in economics No limit on the amount of money individuals can make Basic needs of the populace provided by the government Right to private ownership of industries

+2

Answers (1)

Know the Answer?

Pablo Jefferson · Answer 1

The indicators are:

- No limit on the amount of money individuals can mak

- Right to private ownership of industries

Even though it's just a little, there is some government inteference in market economy in order to keep the competition as fair as possible.

Basic needs of the populace provided by the government is the characteristic of socialstic system, not the market system.