Characteristics of what type of economic system are being described below? 1. basic economic questions answered by forces of the marketplace; 2. consumer demand determines what is produced; 3. competition determines the distribution of goods; command economies market economies traditional economies

Market Economies

Explanation:

Market economy is understood as the organization and allocation of the production and consumption of goods and services arising from the interplay between supply and demand. The characteristic that defines the importance of the market economy is that decisions about investment and the allocation of production goods are made mainly through markets.

latin america is a region of racial and cultural diversity.  it is a group of countries and dependencies in the americas where romance languages are predominant. the term originated in 19th century france as amérique latine to consider french-speaking territories in the americas along with the larger group of countries where spanish and portuguese languages prevailed.

explanation: