Which economic system is run by consumers ?

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asked Nov 14, 2020 2.9k views

2 Answers

Joelnet · Answer 1 · 2020-11-17T00:52:05+0000

Answer:

Centrally planned economies stand in contrast to market economies where large numbers of individual consumers and profit-seeking private firms operate most or all of the economy.

Step-by-step explanation:

Artless · Answer 2 · 2020-11-20T04:31:05+0000

Answer: Free Enterprise.

Explanation: Free enterprise, also known as free market or capitalism, is an economic system driven by supply and demand. Private businesses and consumers control the marketplace with little to no interference from the government.

Which economic system is run by consumers ?

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Which economic system is run by consumers ?