question archive Market economies are based on private enterprise, which means: a
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Market economies are based on private enterprise, which means:
a. there is no private property.
b. private companies control the government.
c. economic decision-making happens through markets.
d. all property is private.
C- Economic decision-making happens through markets
The market economy is an economic system in which investment, production, and distribution decisions are guided by price signals generated by the forces of supply and demand. The primary feature of a market economy is the presence of factor markets which play a central role in the allocation of capital and the production factors.