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Andru [333]
3 years ago
5

Characteristics of Wrightland

Social Studies
1 answer:
MrRa [10]3 years ago
5 0

Answer:

Market economy

Explanation:

Wrightland exhibits all the main characteristics of a market economy: in this economy, consumers and suppliers meet in the market, and throught the forces of supply and demand, determine the prices of goods and services.

These prices all serve the purpose of signalling the appropriate economic activitities to allocate resources.

In market economies, consumers are also very important, and businesses try to satisfy consumers in order to make higher profits.

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