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27 November, 02:13

Producers and consumers own the factors of production

Producers and consumers answers the question of who, what and how to produce

Voluntary trade and exchange are encouraged

What type of economic system is being described?

A) Command

B) Market

C) Mixed

D) Socialism

+3
Answers (2)
  1. 27 November, 03:55
    0
    Market because they are exchanging

    .
  2. 27 November, 05:23
    0
    Market, like the person before me said! Hope you do well!
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