A market economy is best described as an economy that: A. gives businesses complete freedom to produce and sell what they want. B. gives the government complete control over production and prices. C. gives jobs to all citizens regardless of their preferences or abilities. D. gives both businesses and the government a role in economic decisions. B c D

## Step 1<br />A market economy is an economic system where supply and demand determine the production of goods and services. It is characterized by private ownership and free-market competition.<br /><br />## Step 2<br />In a market economy, businesses have the freedom to produce and sell what they want. This is because the market economy is based on the principles of supply and demand, where businesses can produce and sell goods and services that consumers want.<br /><br />## Step 3<br />The government does not have complete control over production and prices in a market economy. Instead, the government's role is to ensure that the market operates fairly and efficiently.<br /><br />## Step 4<br />In a market economy, jobs are not given to all citizens regardless of their preferences or abilities. Instead, jobs are created based on the demand for goods and services in the market.<br /><br />## Step 5<br />In a market economy, both businesses and the government play a role in economic decisions. Businesses produce and sell goods and services, while the government ensures that the market operates fairly and efficiently.