In countries employing decentralized markets for nearly all decision making: (1) Private individuals select how most resources and goods are allocated. (2) Nonhuman resources should be individually owned. (3) Elaborate economic plans are planned and enforced by law. (4) Cooperation substitutes competition, rendering government needless. (5) Govt. owns all property and makes sure equitable income distribution.
Can someone please help me in finding out the accurate answer from the above options.