Question

1. consumer

2. market economy
3. planned economy
4. price
5. producer

economy in which market forces determine prices of resources and the prices and distribution of goods and services

economy in which a central authority owns productive resources and distributes goods and services

someone whose wants are satisfied by using goods and services

people who make goods and provide services

cost of a good or service

Answer 1

A consumer is someone whose wants are satisfied by using goods and services.

Market economy is an economy in which market forces determine prices of resources and the prices and distribution of goods and services.

Planned economy is an economy in which a central authority owns productive resources and distributes goods and services.

The price is a cost of a good or service.

Producers are people who make goods and provide services.