Correct Answer: Option C

Explanation

A market economy is an economic system in which the forces of demand and supply determine major economic decisions and the prices of goods and services

In this type of system, there is no central planning authority that determines what should be produced, but rather, private individuals and businesses are in charge of productive resources. Now we all know, private businesses are in business for the main purpose of making profits. A market economy is characterized by business owners who go into business for the sole aim of making profits

• I want to ask if I can get 200? Answer this

  1 Answers   ·   24 minutes ago
• How can I get better at wave length 😭? Answer this

  3 Answers   ·   Physics   ·   5 days ago
• when is mop up exam starting? Answer this

  1 Answers   ·   2 days ago