Ask Question
Social StudiesSocial Studies
31 December, 16:25

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. 31 December, 16:29
    0
    Market, like the person before me said! Hope you do well!
  2. 31 December, 16:36
    0
    Market because they are exchanging

    .
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Producers and consumers own the factors of production Producers and consumers answers the question of who, what and how to produce ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Barbara remarks, "the closer we get to the restaurant, the hungrier i get!" this observation corresponds to which concept?
Answers (1)
Who were the red coats
Answers (1)
Explain the relationship between individual and market demand
Answers (1)
Give an example that shows the difference between a state and federal budget.
Answers (1)
One disadvantage of a direct democracy might be a governments ability to limit voter rights the national government cannot listen to the ideas of individuals. people tend to have less influence in a direct democracy.
Answers (1)
New Questions in Social Studies
Which situation could NOT have occurred under the Articles of Confederation
Answers (1)
A similarity between the ratification process on article vii and the amendment process in article v is that both involve
Answers (1)
One primary purpose of the European Union is to a. create a common market. b. eliminate borders between countries. c. allow highly skilled workers to be employed. d. establish a free trade zone in the marketplace
Answers (2)
The electromagnetic waves with the longest wavelengths and the lowest frequencies are
Answers (1)
Which of the following drivers should not use the right lane of the expressway? A. A driver merging with freeway traffic B. A driver planning to exit the expressway C. A driver trying to hurry to his or her destination D.
Answers (1)
Home » Social Studies » 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?
Sign Up Forgot Password?