Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned

Question

zepelin [54]

3 years ago

11

Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned

economy 4. free-market economy

Business

1 answer:

ozzi · Answer 1 · 2022-04-16T06:23:17+03:00

Answer:

4. free-market economy

Explanation:

Free-market economy -

A free market refers to the economic system which depends on the demand and supply , where the control of government is nil , is referred to as free - market economy.

It helps to provide all the voluntary exchange occurring in the economy.

The range of the free market economy of a particular country , is present in between very large or completely black market.

Hence, from the given statement of the question,

The correct term is free - market economy.