True
Yes
Free market
The Market or if you want a "who", consumers and producers.
market
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Free market
The Market or if you want a "who", consumers and producers.
In a market economy, goods and services are produced for consumers.
market
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Interaction between producers and consumers
Consumers
Producers are compete freely for consumers' business.
Prices, Demand, Personal Preferences and Productions.
A. Free market
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,