Question

What is true about market economies?:
A. People cannot start their own business.
B. The government makes all of the economic decisions.
C. People are free to start their businesses.
D. There is limited technology to advance products.

Answer 1

Answer:

C. People are free to start their businesses.

Explanation:

private ownership, freedom of choice, self-interest, buying and selling platforms, competition, and limited government interventions.

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Answer 2

Answer:

C

Explanation:

People are not restricted to start businesses. Therefore, the answer is C. There is plenty of technology to advance products, and governments don't make all the decisions, both physical and economical.