What is the most essential characteristic of a market economy? aActive competition in the marketplace. bEffective labor unions. cGood government regulation. d
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Solution 1
The most essential characteristic of a market economy is aActive competition in the marketplace. This is because a market economy is primarily driven by supply and demand with little to no government control. In such an economy, businesses and consumers interact in the marketplace to decide on the p Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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