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Market.
Supply and demand influences the economic decisions of businesses and individuals.
Free market economy
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
Market economy
Market.
Supply and demand influences the economic decisions of businesses and individuals.
Free market economy
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
Market economy
Private sector
Private sector
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.
Mixed economy.
Businesses are free to make many choices, but they face some government regulation
Market
(For Apex Learning) Mixed economy.