A Market System Is Characterized by the Private Ownership of Resources

question 250

True/False

A market system is characterized by the private ownership of resources and the use of prices to
coordinate economic activity.

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Definitions:

Arrived

To have reached a destination or a particular point in time.

Morning

The period of time from sunrise until noon; the early part of the day.

Punctuated Correctly

Written or arranged properly using punctuation marks like commas, periods, and question marks to clarify meaning.

Class

A category or grouping of items sharing common characteristics or properties, often used in the context of education, taxonomy, or programming.