Question

which of the following lists correctly identifies a few of the basic elements all market economies share

indicidual ownership of private property; thye nright to make a profit from privarte property; the government regulation of key resources
individual ownership of private property; the right to make a profit from public property; the law of suppliy and demand
individual ownership of private property; the right to make a profit from private property; the law of supple and demand
individual ownership of private property the law of supply and demand governemtn regulation of key resources

Answer 1

[AI-generated answer — Bot GPT 3.5]

individual ownership of private property; the right to make a profit from private property; the law of supply and demand

Answer 2

[AI-generated answer — Step-by-Step Bot]

The correct answer is: individual ownership of private property, the right to make a profit from private property, the law of supply and demand.