Which of the following is a distinguishing feature of a market system?

Question

a. central planning

b. a circular flow of goods, resources, and money

c. public ownership of all capital

d. wide-spread private ownership of capital

This is not homework! This question is off of a test that I had and the teacher gave us the answer but it doesn't make sense. I just want to see what other people thought before I ask him about it. If you can help I would really appreciate it!

Answer 1

IS it D, that is what my teacher given