Which of the Following Is a Characteristic of a Market

question 98

Multiple Choice

Which of the following is a characteristic of a market economy?

• A) Private property
• B) Government ownership of the means of production
• C) Distribution according to need
• D) Tradition determines the what, how, and for whom decisions

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Definitions:

Newspapers

Printed publications consisting of sheets of paper containing news, information, advertisements, and other content, distributed at regular intervals.

Sovereignty

The supreme authority within a territory, possessing the full right and power to govern itself without any interference from outside sources or bodies.

Political Participation

The involvement of individuals in political activities intended to influence government policy or the selection of government officials.

Western Thought

An intellectual tradition rooted in the philosophical, literary, and legal principles of Western civilization, emphasizing rationality, individualism, and democracy.