Question

exam lesson name: economics basics
exam number: 700180rr
exam guidelines
exam instructions
question 8 of 20
select the best answer for the question.

1. generally speaking, the means of production in a market economy are

a. owned by government
b. not needed
c. passed down according to tradition
d. owned by individuals
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Explanation:

In a market - economy, the means of production are typically privately owned, which means they are owned by individuals or private entities rather than the government. Traditional passing - down is more characteristic of traditional economies, and means of production are always needed in any economy.

Answer:

D. owned by individuals