Which market characteristic could best be described as market participants focusing production on a selection of goods and servi

Question

Butoxors [25]

3 years ago

8

Which market characteristic could best be described as market participants focusing production on a selection of goods and servi

ces

Business

1 answer:

evablogger [386] · Answer 1 · 2022-09-26T15:00:27+03:00

Answer: c. Self-Interest.

Explanation:

Self interest is a characteristic of the market economic system that explains that market participants act in their self interest. Transactions they engage in are meant to bring the maximum benefits to them.

They will therefore focus on producing a selection of goods and services if those goods and services are the ones that will give them the greatest benefit.