🎓 GED Exam Prep

In a pure market economy, the production and distribution of goods and services are primarily determined by:

A Government central planning.
B Traditions and customs.
C Supply and demand in competitive markets.
D Collective community ownership.

✓ Correct Answer: Option C

A market economy is characterized by private ownership and decisions about production and pricing guided by the forces of supply and demand, with minimal government intervention.

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