What are the advantages a market economy offers producers? (there is more than one answer)

A new education question and answer asked students to assert what they believe is the main important point for a student to do if they wanted to attain success. One which response stood out from the rest was practice. Persons who are always successful do not become successful by being born. They work hard and perseverance their lives to succeeding. If you would like to get your goals, keep this in mind! down below some question and answer examples that you can easily benefit from to elevate your knowledge and gain insight that will guide you to maintain your school studies.

Question:

What are the advantages a market economy offers producers? (there is more than one answer)

A: minimal government intervention
B: property rights
C: monopoly of bigger companies
D: free advertising for small businesses
E: free labor

Answer:

I believe the answer is:

A. minimal government intervention

In market economy, the government could not decide the type of jobs that the citizens should have and they are free to do whatever they want as their main source of income. It also give companies the freedom to produce the goods that they have a competitive advantage of.

B. property rights

Unlike in communist countries, market economy allow the people to had ownerships of a certain property. The right of ownership cannot be forcefully taken away unless criminal actions were conducted.

They could hopefully help the student solve the question by implementing the questions and answer examples. Then could actually have some sharing in a group discussion and also learning with the classmate in relation to the topic, so another student also have some enlightenment and still keeps up the school learning.

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