A __________ is one in which decisions about what to produce and in what quantities are made by the market.

Question

Quizplus · Accepted Answer

In a free market, individuals and businesses make decisions about what to produce and in what quantities based on supply and demand. The government does not interfere with these decisions. This stands in contrast to socialist and communist markets, in which the government plays a significant role in determining production and allocation. A "Green market" is not a recognized economic term.

A __________ Is One in Which Decisions About What to Produce