In a market economy.there is a centralized government that controls factors of production and decision making. True False

Question

In a market economy.there is a centralized government that controls factors of production and decision making. True False

Answer 1

## Step 1The problem statement is about the nature of a market economy. A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the forces of supply and demand. The key characteristic of a market economy is that it is decentralized, meaning that there is no centralized authority that controls all factors of production and decision-making.## Step 2The statement in the problem suggests that in a market economy, there is a centralized government that controls factors of production and decision-making. This is not true because, in a market economy, these decisions are made by individual consumers and businesses. They make decisions based on their own self-interest.## Step 3Therefore, the statement is false because it contradicts the fundamental characteristics of a market economy.

Soru

In a market economy.there is a centralized government that controls factors of production and decision making. True False

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