Question

________ is driven by the forces of supply and demand. ( Market economy/ centrally planned economy) which one is correct​

Answer 1

market economy is driven by the forces of supply and demand

Answer 2

Answer:

The correct answer is market economy.

Explanation:

The economy that is driven by supply and demand is the market economy. Because in the market economy the market is controlled by the supply and the demand of the commodity. On the other hand in the centrally planned economy, the market is controlled by the government. In the centrally planned economy, all the controls of the market are in the hands of the government. On the other hand in the market economy the government does not control the economy. It is controlled according to the supply of the commodity. The rules and regulations are also made according to the supply and demand.

Hence, the correct answer is market economy.

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