Question

In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.
a. command Eliminate
b. communism
c. market
d. mixed

Answer 1

This type of economic system is called the market system. - C

where we have the production of goods and services that are being controlled by the idea of supply and demand (Basically the market) we're talking about the market economy or market economy system.