firms and households
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
The people in the market make these decisions on an individual basis.
market or market economy
The Market or if you want a "who", consumers and producers.
Market economy
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
The people in the market make these decisions on an individual basis.
market or market economy
The Market or if you want a "who", consumers and producers.
Market economy
utility maximization
Free-market economy
Market
Market
Market Economy
Market
the government.