A _____ economy is an economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced.

Question

Quizplus · Accepted Answer

In a market economy, the forces of supply and demand determine the allocation of resources and the production of goods and services. This is in contrast to a command economy or a centrally planned economy, where the government or central authority dictates what goods and services are produced and how resources are allocated. A barter economy refers to a system where goods and services are exchanged directly without the use of money, while a regulated economy generally refers to a mixed economy where the government plays a significant role in regulating and guiding economic activity.

A _____ Economy Is an Economic System in Which the Interaction