Question

An economy is created by the interactions between which two groups of people?
A.
Politicians and teachers
B.
Entrepreneurs and economists
C.
Producers and consumers
D.
Business and social entrepreneurs


Please select the best answer from the choices provided

A
B
C
D

Answer 1

C

An economy is formed by the interactions of producers (who supply goods and services) and consumers (who demand them), which determine production, prices, and resource allocation.