Answer:
Explained
Explanation:
Subsistence goods and services are created for the use of producers and their kinship groups. Therefore, there is little exchange of goods limited for market.
Commercial producers or their agents in theory freely market their goods and services and the law of supply and demand determine their price and quantity.
Planned- associated with communist controlled societies producers or their agents dipose of goods and services through government agencies that control both price and supply.
They can coexist in certain circumstances. For example in the U.S, government controls on the production of various kinds of goods and services (such as growing of rice or sugarcane, producing alcohol, constructing and operating nuclear power plants, or engaging in licensed personal and professional services) mean that the country does not have a purely market economy.
