Question

A market economy is regulated by the interactions between which two things? A. Goods and services B. Producers and consumers C. Product-based and service-based businesses D. Public and private sectors Please select the best answer from the choices provided

Answer 1

B. producers and consumers

Answer 2

From all the available options, the best answer to the question is (B) producers and consumers.

A market economy is defined as an economic system that runs on supply from the producers and demand from the consumers. Most of the world’s market are run based on this system. Market economies can range from totally free market to a position where government can intervene.