Answer:
Market: Means by which individuals interact to buy or to sell; mechanism that coordinates the independent intentions of buyers and sellers.
Before we can go on, it is important to understand what economic actors are interacting in these markets and their relationships to one another.
Four (broadly defined) economic actors are:
1. Households
2. Firms
3. Governments
4. "The Rest of the World"
Explanation:
Answer:
Traditional economy relies on habit, custom, or ritual to decide what to produce, how to produce it, and to whom to distribute it.
A market economy, economic decisions are made by individuals and are based on exchange, or trade.
A command economies, because a central authority is in command of the economy.
Mixed economies market-based economic systems in which government plays a limited role.
Winston Churchill and Franklin Roosevelt. Winston was the British prime minister and Franklin was the US President. <span />
The answer is <span>Ambroise Paré</span>
Answer:
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