The market economy functions on four assumptions .Study the list below and answer the question that follows :
a) The allocation of resources is affected by free markets
b) The state keeps its interference in the system to a minimum
c) Members of a community may possess assets and earn profits on these .
d) Employs private initiate , while growing state intervention in key industries .
e) Members of the community can freely choose between products , services , places of residence and careers .
f) Ownership of a country's factors of production in which the individual owns no property , except private domestic assets .
1 a,b,c,d
2 a,b,c, e
3 b,c,d,e
4 c,d,e,f
The market economy functions on four assumptions:
So, the correct answer is 2 a, b, c, e.
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