Which of the following economic systems depends on supply and demand to regulate the availability and price of goods and labor?

Name: Which of the following economic systems depends on supply and demand to regulate the availability and price of goods and labor?
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Question

Quizplus · Accepted Answer

Capitalism relies on the forces of supply and demand to regulate prices, availability of goods, and labor, unlike other economic systems that may involve more government control or planning.

Which of the Following Economic Systems Depends on Supply and Demand