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The law of supply and demand is foundational to a economy.

User Halfelf
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Answer:

im not completely sure what you are asking but yes the law of supply and demand is one of the fundamental concepts of basic economics.

Step-by-step explanation:

User Anshul Kataria
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4 votes

Answer:

The best answer is laissez-faire.

The process of supply and demand is essential to the economic system of laissez-faire which is founded upon an absence of regulations or interference of anything outside of the natural economic interaction. Communism is incorrect because the economic markets are controlled by the government, and socialism is also incorrect because its economic markets are determined by participation, not value.

User Adig
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