A typical feature of a market economy is that
...A typical feature of a market economy is that
All producers make profit
Full employment exists
Consumer sovereignty exists
There is equality of economic agents
Correct answer is C
A market economy is characterized by private ownership, freedom of choice, self-interest, buying and selling platforms, competition, and limited government intervention. There is consumer sovereignty in a market economy in a way that consumers decide what should be produced, while the forces of demand determine at what prices goods and services should be exchanged.
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