The consumers and producers are the entity that makes the important economic decisions in a free-market economy.
This refers to an economic system where all the individuals decide for themselves what to produce and sell without any intervention of the government.
The economic system is one where there is no government intervention or regulation and the buyers & sellers arrive at prices based only on supply and demand.
Hence, the consumers and producers are the entity that makes the important economic decisions in a free-market economy.
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