Fantasy of Lights is a business that makes and sells Christmas lights. Fantasy of Lights makes over 6,000,000 twinkle lights eac

Question

2 years ago

8

Fantasy of Lights is a business that makes and sells Christmas lights. Fantasy of Lights makes over 6,000,000 twinkle lights eac

h year. Fantasy of Lights sells their Christmas lights for a price set by the demand of the consumer. What economic system is this?

Social Studies

2 answers:

nevsk [136] · Answer 1 · 2022-07-09T01:52:49+03:00

nevsk [136]2 years ago

8 0

Answer:

Explanation:

Christmas Lights Switch On event. 8. 2.5. Perth Winter Festival. 10. 2.6. Marketing & Promotion. 10. 2.7. Reasons for Visiting and Counterfactual.

right?

koban [17] · Answer 2 · 2022-07-09T00:01:34+03:00

Answer:

Market Economy

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.