Which economy has the highest level of consumer sovereignty?(1 point)

mixed economy

traditional economy

command economy

market economy

Answers

Answer 1
Market Economy because it includes include increased efficiency, productivity, and innovation
Answer 2

Answers!

- What is the basic economic problem that societies must solve?

      - How to allocate resources in order to best satisfy the needs and wants of people.

- In which economic system are price signals, resulting from supply and demand forces, the only determining factor for the goods and services that the economy produces?

     - a market economy

- How do property rights influence the exchange of goods and services in the market?

     - Property rights determine ownership of resources among businesses, individuals, and governments.

- A traditional economy is an economy where ____________

     - economic decisions are based on traditions, culture, and beliefs.

- Which economy has the highest level of consumer sovereignty?

     - market economy

Hope this helps! :)


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