Which of the Following Is Not a Typical Characteristic of a Market

question 208

Multiple Choice

Which of the following is not a typical characteristic of a market system?

• A) private property
• B) freedom of enterprise
• C) government ownership of most property resources
• D) competition in product and resource markets

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Definitions:

Computer Code

A set of instructions written in a programming language that is executed by a computer to perform specific tasks.

Software Project

A software project is a set of activities undertaken to develop, test, and maintain software applications or systems, often involving tasks such as coding, debugging, and project management.

Agent

An entity or person authorized to act on behalf of another, often in business or legal matters, to achieve certain goals or perform specific tasks.

Enterprises

Large organizations or businesses, usually comprising multiple departments or units, and engaged in professional, commercial, or industrial activities.