Question

Which economic system gives producers and consumers the most power to make economic decisions?

(1 point)
Responses

mixed economy

mixed economy - no response given

command economy

command economy - no response given

market economy

market economy - no response given

traditional economy

Answer 1

The economic system that gives producers and consumers the most power to make economic decisions is a **market economy**. In a market economy, decisions regarding production, investment, and distribution are primarily determined by supply and demand, with minimal government intervention.