When Making Decisions About Production and Allocation,which Type of System

question 82

Multiple Choice

When making decisions about production and allocation,which type of system depends on individual producers and consumers to create a combination of supply and demand?

• A) Planned economy
• B) Communism
• C) Private economy
• D) Market economy
• E) Socialism

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Industrious

Possessing a hardworking and diligent nature, often leading to high productivity and efficiency in tasks.

Self-Controlling

The capacity to regulate one's emotions, thoughts, and behaviors in different situations.

Digital Life Style

A way of living that is heavily influenced by the use and availability of digital devices, platforms, and technologies.