Abbym1453 Abbym1453
  • 25-09-2021
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Private business dealings based on supply and demand define?

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Nightmist14
Nightmist14 Nightmist14
  • 25-09-2021

So here the interplay of supply and demand influences the dealings of the private business which means that it's not centrally decided but rather market analysis is done to determine what is needed.

So I would say the best answer is: market forces!

If the head of the business was not looking to the market, but rather making central decisions, we could call it "central planning "

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