Question

B. In the United States, people own private businesses and prices are set by Supply and Demand. The U.S

is closest to a
economy
a. traditional
b. market (free-enterprise)
c. closed
d. command (communist)

Answer 1

B. market

Step-by-step explanation:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.