EssiePooh7646 EssiePooh7646
  • 19-08-2020
  • Business
contestada

When the interaction of producers and consumers determine the prices of goods and services in an economy, it is:

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topeadeniran2 topeadeniran2
  • 21-08-2020

Answer: Market economy

Explanation:

A market economy is a form of economic system whereby the economic decisions that are taken in the market and the prices of goods and services in the market are done through the interactions that takes place between the individuals and the firms. In this economy, there is little or no interventions from the government.

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