Question

POSSIBLE PO
The opportunity to make a profit
drives people to put their money at
risk.
Producers determine the
supply, or availability, of a
product.
Consumers determine the
demand for a product.
The features described in the above boxes best describe what type of economy?
o socialist economy
o free enterprise economy
o communist economy

Answer 1

Answer:

B) Free enterprise economy

Explanation:

A free enterprise economy(Also known as capitalism) is driven by consumers and producers and their desire to buy good products and make money respectively. In the other two economies, supply and demand are controlled by the government.