Asked by
Thea Shandy Camus
on Nov 25, 2024
Verified
The main characteristics of a modern market system include all of the following except
A) entrepreneurs are free to obtain and use resources to produce goods and services.
B) consumers are free to buy goods and services that their budgets allow.
C) economic power is diffused by competition among economic units.
D) government is restricted to national defense and does not intervene at all in various markets.
Entrepreneurs
Individuals who start and operate their own businesses, taking on financial risk in the hope of profit.
- Determine the attributes and ramifications of diverse market models.
Verified Answer
SD
Learning Objectives
- Determine the attributes and ramifications of diverse market models.