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A market economy is defined by which of the following statements?

i.    Private individuals own and control the factors of production.

ii.    Entrepreneurs decide what to produce.

iii.    Entrepreneurs decide how production will take place.

iv.    Individuals decide what goods and services to consume.
in Grade 9 EMS by Silver Status (29,846 points) | 8 views

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i.    Private individuals own and control the factors of production.

ii.    Entrepreneurs decide what to produce.

iii.    Entrepreneurs decide how production will take place.

iv.    Individuals decide what goods and services to consume.
by Silver Status (29,846 points)

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