Which type of Economic System? In Country D, business owners make most economic decisions. As long as they abide by fair trade policies, they can
decide what to produce, how to produce, and for whom to
produce without government intervention. These decisions
are made by business owners based on what happens in the market. For example, a computer manufacturer recently
developed a new video gaming system, but decided to wait until closer to the holidays to release the system to the
public because it believed anticipation among consumers would allow the company to charge a higher price for the
system
1. Type:
2. How do you know?