Answered

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Which type of economy is based on supply and demand?

A. Market economy
B. Command economy
C. Mixed economy

Sagot :

GinnyAnsweridn

Final answer:

Market economy is based on supply and demand, where prices are determined by market interactions.


Explanation:

Market economy is based on supply and demand. In this type of economy, prices are determined by the interactions of individuals and businesses in the marketplace. Examples include the United States, United Kingdom, and Singapore.


Learn more about Economy types based on supply and demand here:

https://brainly.com/question/40588224


CandleFlyidn

Answer: A. Market economy

Explanation:

A market economy is an economic system where the supply and demand regulate the economy. Some of the characteristics of a market economy include:

  • Private ownership
  • Limited government role
  • Financial rewards
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