An economic system that focuses on supply and demand in the marketplace and emphasizes minimal government regulation of the economy is called
A) a command economy.
B) mercantilism.
C) colonialism.
D) a laissez-faire economy.

Question

Quizplus · Accepted Answer

A laissez-faire economy is characterized by minimal government intervention in the marketplace and emphasizes supply and demand as the driving forces of the economy. In this system, prices are determined by the free market and individual producers and consumers make economic decisions based on their own self-interest.

An Economic System That Focuses on Supply and Demand in the Marketplace