Multiple choice

Which of the below is NOT a characteristic of a market economy?

  1. Private Property Rights

  2. Specialization

  3. Competition

  4. Low Prices
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Private property rights, specialization, and competition are fundamental pillars that define a market economy. While competition can drive prices down, low prices themselves are a market outcome rather than an inherent structural characteristic of the system.

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