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The Market or if you want a "who", consumers and producers.
Interaction between producers and consumers
True
Prices, Demand, Personal Preferences and Productions.
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
The Market or if you want a "who", consumers and producers.
Interaction between producers and consumers
True
Producers are compete freely for consumers' business.
Prices, Demand, Personal Preferences and Productions.
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
producers to supply more and consumers to buy less.
Free market
market
Consumers are important because they are the people who actually buy the goods made by the producers
consumers and producers
A. Free market