In a ___ Economy, all basic economic decisions are made by producers and consumers. 1.Command 2.Market 3.Mixed 4.Traditional

Social Studies

2 answers:

vodomira [7]3 years ago

8 0

In a (Market) Economy, all basic economic decisions are made by producers and consumers.

Rashid [163]3 years ago

6 0

Answer: The answer is market economy

In a market Economy, all basic economic decisions are made by producers and consumers.

Explanation:

A market economy is a market that allows the free flow of goods and services between producers and consumers which is based on demand and supply. Resources are owned and controlled by individuals and are allocated through voluntary market transactions which is governed by the interaction of supply and demand in a market economy.

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One of the 3 main causes of war because Britain and France both wanted to cut the other off from trading with the United States of America, This caused the United States economy to suffer greatly .

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