Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When making decisions about production and allocation, which type of system depends on individual producers and consumers to create a combination of supply and demand?
When making decisions about production and allocation, which type of system depends on individual producers and consumers to create a combination of supply and demand?
Market economy |
Planned economy |
Private economy |
Communism |
Socialism |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started