Question

1. which of the following is not a feature of a market system?

○ profit incentive
○ government ownership of the factors of production
○ financial institutions
○ voluntary exchange

Explanation:

A market system relies on private ownership of factors of production, profit incentives, voluntary exchange, and financial institutions to facilitate transactions. Government ownership of production factors is a feature of a command economy, not a market system.

Answer:

○ government ownership of the factors of production