s29249208 s29249208
  • 13-06-2021
  • History
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Individuals and business own the resources used to produce goods and services

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beingteenowfmao
beingteenowfmao beingteenowfmao
  • 13-06-2021

Answer:

Market Economy

Explanation:

type of economy in which individuals and businesses own the resources used to produce goods and services. The three economic questions are answered on the basis of profit and price. Also, decisions are based off of what will produce the most profit and products are sold once they are produced. The money made is used to buy wants and prices play a crucial role in a market economy.

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