50.9k views
1 vote
· Decentralized decision making. · Adjusts to changes in the market place. · Producers and consumers have control of the economy. All of these are characteristics of a ___ economy

2 Answers

6 votes

Answer:

market

Step-by-step explanation:

User Codingrose
by
8.4k points
3 votes

Answer:

Market

Step-by-step explanation:

Decentralized decision making. · Adjusts to changes in the market place. · Producers and consumers have control of the economy. All of these are characteristics of a Market economy, a market economy is one in which price and production is controlled by buyers and sellers freely conducting business, an example of a market economy is the United States economy where the investment and production decisions are based on supply and demand.

User Furicle
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.