private individuals and companies decide what products to manufacture and what prices to change for goods and services with no g

Question

Lerok [7]

2 years ago

13

private individuals and companies decide what products to manufacture and what prices to change for goods and services with no g

overnment involvedment

History

1 answer:

vivado [14] · Answer 1 · 2022-07-20T13:42:27+03:00

It would be a "market economy" in which private individuals and companies decide what products to manufacture and what prices to charge for goods and services with no government involvement, although it should be noted that there is always at least a small amount of government regulation in these economies. <span />