Question

The United States participates in an economy that has the following characteristics: economic freedom, competition, economic incentives,
limited government influence, and private ownership. What type of economy does this BEST describe?
OA gift economy
OB
market economy
OC. laissez-faire economy
OD.
socialist economy

Answer 1

Answer:

It's D and good Luck!!!!

Explanation:

Answer 2

This type of economy is best described as market economy.

What is an economy?

An economy is a region where products and services are produced, traded, distributed, and consumed by various agents.

A market economy is characterized by private competition, property, freedom, self-interest, and minimal government involvement. Thus, the given example is of market economy.

Hence, the correct option is B.

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