The way business people decide the type and quantity of products that has to be produced. Introduction: Economics is the term used for the study of production, distribution and consumption of resources. Free market is a market in which market forces that is buyers and sellers determine the prices and types of the products.

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Chapter 2.2, Problem 5TP

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To determine: The way business people decide the type and quantity of products that has to be produced.

Introduction: Economics is the term used for the study of production, distribution and consumption of resources.

Free market is a market in which market forces that is buyers and sellers determine the prices and types of the products.

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