supply and demand determines prices levels for goods and services in a market economy.
A market economy is characterized by the free entry and exit of firms, that is, it is an economic system based on competition. In this context, firms compete for the market through price practices. Consumers will buy from the firms that practice the lowest price and firms that charge a higher price will be eliminated by the competition.
When the market places a price where the supply of goods and services will equal the demand for goods and services, the economy will be in equilibrium.
Farmers were worker who were tied to the land
Answer:
B. Afghanistan
Explanation:
After the Russian Revolution of 1917, the Soviet Union incorporated most of Central Asia; only Mongolia and Afghanistan remained nominally independent, although Mongolia existed as a Soviet satellite state and Soviet troops invaded Afghanistan in the late 20th century.
