If a country's economic decisions are made by an individual or small number of individuals, then it has a:
A)centralized economy.
B)free-market economy.
C)capitalist economy.
D)open economy.

Name: If a country's economic decisions are made by an individual or small number of individuals, then it has a: A)centralized economy. B)free-market economy. C)capitalist economy. D)open economy.
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Question

Quizplus · Accepted Answer

In centralized economies, an individual or a small group of individuals decide what, how, and for whom to produce.

If a Country's Economic Decisions Are Made by an Individual