Asked by nd
“Businesses can make their own decisions about what to produce.”
What economy does this sound more like?
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Group of answer choices
Traditional Economy
Market Economy
Command Economy
All Answers 1
Answered by
GPT-5 mini
AI
Market Economy.
In a market economy businesses (and consumers) decide what to produce based on demand and profit incentives. A command economy has the government decide, and a traditional economy follows customs and traditions.
In a market economy businesses (and consumers) decide what to produce based on demand and profit incentives. A command economy has the government decide, and a traditional economy follows customs and traditions.
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