In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.

A)

command

B)

communism

C)

market

D)

mixed

Question

Social Studies

Nehemiah

16 July, 13:15

In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.

A)

command

B)

communism

C)

market

D)

mixed

+5

Answers (1)

Know the Answer?

Adison Rosario · Answer 1

The best answer is c) market economy. In a market economy the market controls "itself" through the relation of supply and demand, without the influence of the government. Options A, B, and D, imply some level of government influence.

In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.A)commandB)communismC)marketD)mixed

In this type of economic system, the production of goods and services is controlled solely by the concept of supply and demand, businesses are operated for profit, and the government is not involved.

A)

command

B)

communism

C)

market

D)

mixed