In which type of economy do the individual producer and consumer control production through supply and demand?
A) Planned
B) Communist
C) Market
D) Socialist
E) Mixed

Name: In which type of economy do the individual producer and consumer control production through supply and demand? A) Planned B) Communist C) Market D) Socialist E) Mixed
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Question

Quizplus · Accepted Answer

In a market economy, production is controlled by supply and demand as determined by individual producers and consumers.

In Which Type of Economy Do the Individual Producer and Consumer