Final answer: The six traits of a market economy are private property, freedom of choice, competition, profit motive, consumer sovereignty, and limited government intervention.
Sep 6, 2023
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private property. owning something gives you the right to buy and sale it. · incentives/self-interest · competition · market and prices · freedom of choice · limited ...
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Incentives/Self-Interest. Producers make goods and services for a profit. · Freedom of Choice. People are free to produce and consume what they want.
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DISTRIBUTE one “Six Traits of the Market Economy” note-taking worksheet to each student. ❑ PROJECT a blank version of the “Six Traits of the Market Economy”.
Students learn six traits of a market economy, compare the market economy to other types of economies, identify opportunity costs, and much more. We ...
Feb 7, 2024 · A market economy is characterized by the following six traits: 1. Private property: Individuals and... View the full answer.
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