Question

Private individuals and companies decide what products to manufacture and what prices to charge for goods and services in a

a. market economy.
b. socialist economy.
c. welfare state.
d. command economy.

Answer 1

The answer is A. Market economy

In market company, all economic decision such as : what products should be produce, how much is the price , how should it be distributed, what investments, etc, falls entirely to the power of Supply and Demand, while the government has no involvement in it

This means the decision will fall to private individuals and private companies