QUESTION IMAGE
Question
which of the following is an example of private ownership in a free market? a bridge maintained by the government a television purchased by a home owner a gold reserve controlled by a dictator
Private ownership in a free market means an asset is owned by an individual private entity, not the state or a centralized authority. A government-maintained bridge is public/state-owned, a gold reserve controlled by a dictator is under centralized state/authority control, while a television bought by a private homeowner is privately owned by an individual in a free market transaction.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
a television purchased by a home owner