Which of the following is not a characteristic of the market system? A. private property. B. freedom of enterprise. C. government ownership of the major industries. D. competition in product and resource markets

Business · High School · Mon Jan 18 2021

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The characteristic that is not a part of the market system among the options listed is:

C. Government ownership of the major industries.

In a market system, the predominant ownership of industries and resources lies with private individuals or entities, not the government. The system operates on principles of private property, freedom of enterprise and competition in both product and resource markets. Government ownership of major industries would be more indicative of a command or socialist economic system, rather than a market-based one.






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