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The System in which decisions on production and consumption are based on voluntary exchange in markets is called what?
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Asked 8/8/2011 1:00:57 PM
Updated 3/29/2015 6:26:37 AM
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User: The System in which decisions on production and consumption are based on voluntary exchange in markets is called what?



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User: thank you it did

Question|Rated good
Asked 8/8/2011 1:00:57 PM
Updated 3/29/2015 6:26:37 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by Andrew. [3/29/2015 6:26:37 AM]
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The System in which decisions on production and consumption are based on voluntary exchange in markets is called market economy.
Added 3/29/2015 6:26:33 AM
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Questions asked by the same visitor
which System that relies on custom or ritual to decide questions of production and consumption called?
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Updated 46 days ago|7/2/2018 5:24:08 AM
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A system that relies on habit, custom, or ritual to decide questions of consumption and production of goods and services is a TRADITIONAL economy.
Added 46 days ago|7/2/2018 5:24:08 AM
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Confirmed by Sting [7/2/2018 6:35:47 AM], Sting [7/2/2018 6:35:48 AM]
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