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How does a market economy ensure efficient use of resources?

A.
B.
by allowing the government to handle economic decisions
by analyzing the market demand and supply
C. by protecting the citizens' right to buy and sell property
D.
by ensuring that the supply of goods and services is always more than the demand
OE.
by giving a small group of people complete control over the economy

2 Answers

7 votes

Answer:

C. by protecting the citizens' right to buy and sell property

Step-by-step explanation:

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In a market economy, all economic decisions depend on market demand. The level of market demand also determines price. The Founding Fathers (a revolutionary group of prominent US professionals) ensured that the US Constitution guaranteed citizens the right to own and protect property, including intellectual property. These rights led to the market economy. A market economy directly indicates what goods and services to produce. It also determines at what quantities and prices they should sell. This model ensures efficient utilization of resources.

User AlexKost
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1 vote

Answer:

by analyzing the market and demand and supply

Step-by-step explanation:

User Isobretatel
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