In a __________ system,both politics and markets function to transform popular demands into goods and service,to allocate costs,and to distribute goods and services.

Question

Quizplus · Accepted Answer

A free-market system allows for both politics and markets to operate in transforming popular demands into goods and services. In this system, private businesses and individuals make decisions based on supply and demand, allowing consumers to play a significant role in shaping the market. Costs are allocated based on the market value of goods and services, and distribution is largely determined by the forces of the market.

In a __________ System,both Politics and Markets Function to Transform