The Market
or if you want a "who", consumers and producers.
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.
firms and households
Government officials and legislatures make economic decisions
The people who is in head of the business.
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.
firms and households
The decisions are made in a market economy by considerations of various factors. The output level of an economy is the main considerations as well as the income level of the region.
Centrally Planned Economy
Government officials and legislatures make economic decisions
The people who is in head of the business.
Government legeslatives and your mom
well i do SO DO I
Command system is when the government makes decisions or when the economic decision is taken by the central body. This type of system contrasts the market economy.
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
it's called a command economy