Individuals and business own the resources used to produce goods and services

Market Economy

Explanation:

type of economy in which individuals and businesses own the resources used to produce goods and services. The three economic questions are answered on the basis of profit and price. Also, decisions are based off of what will produce the most profit and products are sold once they are produced. The money made is used to buy wants and prices play a crucial role in a market economy.

powers  are  denied  to the  national governmentin three distinct ways: some  powers, such as the  power  to levy duties on exports or prohibit the freedom of religion, speech, press, or assembly, are expressly  denied  to the  national government  in the  constitution.

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