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Vanyuwa [196]
3 years ago
11

I work in a small shop in my country. The central government owns the shop, tells me what to sell, how many products to sell, an

d for how much to sell the products. What type of economy do I live in?
Group of answer choices

Command

Mixed

Market

Traditional
Business
1 answer:
Natasha_Volkova [10]3 years ago
7 0

Answer:

Market

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1  Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

~Hope this helps

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