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Market economies are based on both private enterprise and the idea that allocation decisions of what and how much to produce are decided by:_______
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Market economies are based on both private enterprise and the idea that allocation decisions of what and how much to produce are decided by:_______

User Rizky Fakkel
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1 Answer

6 votes

Answer:

Private Individuals.

Step-by-step explanation:

The main characteristic of a Market economy is the Private property ownership. through which individuals are able to use private property/resources the way they want.

there is no central authority planning or ordering them to produce what in which quantities.

User Greg McGuffey
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