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Which term refers to an economic system in which people earn wages and buy the goods and services they choose? a. traditional economy b. command economy c. hybrid economy d. mar…

Which term refers to an economic system in which people earn wages and buy the goods and services they choose? a. traditional economy b. command economy c. hybrid economy d. mar…
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1 vote
Which term refers to an economic system in which people earn wages and buy the goods and services they choose?

a. traditional economy
b. command economy
c. hybrid economy
d. market economy

asked
User Engel
by
8.4k points

2 Answers

7 votes

Answer:

D

Step-by-step explanation:

answered
User Fabio
by
8.8k points
1 vote
It would be the term "d. market economy" that refers to an economic system in which people earn wages and buy the goods and services they choose, since here the consumer is ultimately in charge of production. 
answered
User Mtisz
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7.8k points
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