In a individuals answer the three basic questions and the central authority or leaders have little say in the economy.

Market economy

Explanation:

The Market economy is the economic system in which the decision regards the investment, production, and consumption is guided by the price and thereby creating a demand and supply situation. Also referred to as the factor of the production and regulate a free and an open market economy and theses reconstruct the planned economies as they are bordered by the pringle allocation of the product by the markets rather than the firms. Hence a market economy is one where the central authority has little control over there stay in the economy. Another form associated with this is the social capitalism and mercantilism.

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