acteristics of the market system? How does the market system answer the five fundamental questions? What are the mechanics of the circular flow model?...

• What are the main characteristics of the market system?
• How does the market system answer the five fundamental questions?
• What are the mechanics of the circular flow model?

MARKET SYSTEM Market System:Name:Institution: MARKET SYSTEM 1. What are the main characteristics of the market system? Private Property Within a set market system, a majority of things are...