What institution controls an unplanned economic system?

Question

Quizplus · Accepted Answer

In an unplanned economic system, the markets control the allocation of resources and the prices of goods and services. The private sector plays a significant role in this system as it consists of for-profit organizations that are driven by market demand and supply. The citizenry may have some influence on the economy through their purchasing decisions, but they do not have direct control over the system. The religious institution of a nation may provide ethical guidelines for economic behavior, but it does not have direct control over the economy. Therefore, choice D is the best answer.

What Institution Controls an Unplanned Economic System