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Answered

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Who owns most factors of production in a market economy?
A individuals
B. individual states
C. the federal government
D. community leaders
Please select the best answer from the choices provided
Ο Α
OB
ОС
OD

Sagot :

lykabelle

Answer:

A. individuals

Explanation:

When it comes to a "capitalist economy" or a "free market economy" the factors of production are owned by the individual. This means that private businesses own the land, labor, capital and entrepreneurship. This goes to show that they are the ones who are responsible for producing the goods for the customers. Their supply of good is largely dependent on the customer's demand. The government cannot interfere in such kind of economy.

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