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In a market economy, _____ own(s) all the basic resources or factors of production.

a. the federal government

b. the federal reserve bank

1 Answer

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In a market economy, households hold all the basic resources or factors of production. This is because, a market economy is the type of economy in which economic decisions and the prices of goods are determined by the aggregate interactions of the nation's individual citizens and businesses.  
User Vlad Feinstein
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