WICH of the FOLLOWING ECONOMIC SYSTEM RELY PRIMARILY ON the FORCES of DEMAND AND SUPPLY? A). TRADITIONAL economics B). ALL of the ABOVE C). CENTRALLY PLANNED economics. D) CAPITALIST (market) economics?
Answers
Answer:
WICH of the FOLLOWING ECONOMIC SYSTEM RELY PRIMARILY ON the FORCES of DEMAND AND SUPPLY? A). TRADITIONAL economics B). ALL of the ABOVE C). CENTRALLY PLANNED economics. D) CAPITALIST (market) economics?
Answer:
D) CAPITALIST (market) economics.
Explanation:
ECONOMIC SYSTEM RELY PRIMARILY ON the FORCES of DEMAND AND SUPPLY IS CAPITALIST (market) economics.
Market economies work using the forces of supply and demand to determine the appropriate prices and quantities for most goods and services in the economy.
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. There may be some government intervention or central planning, but usually this term refers to an economy that is more market oriented in general.
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