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ioda
4 years ago
10

Which of the following best explains how a free-market system has a circular flow of influnces

Social Studies
1 answer:
zimovet [89]4 years ago
6 0

The correct answer is consumers decisions affect producers and producers decisions affect consumers

Free Market is the economic system where trade between individuals and institutions can take place without state interference. It is a decentralized and independent economy, marked by social cooperation: a relationship of voluntary exchange. There is also the division of labor and private ownership of all means of production.

In the <u>Free Market</u>, trade is only possible because each party expects to gain from it. Trade happens because both parties benefit, both can gain, otherwise they would not engage in the trade.

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2. Christopher Columbus introduced the Americas to Western Europe during his four voyages to the region between 1492 and 1502. He paved the way for the massive influx of western Europeans that ultimately form several new nations including the United States, Canada and Mexico.  But he never discovered America because there were plenty of people already there when he arrived.

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