Producers and consumers own the factors of production
producers and consumers answers the question of who, what and how to produce
voluntary trade and exchange are encouraged

what type of economic system is being described?

a) command
b) market
c) mixed
d) socialism

What is the primary difference between jefferson’s and madison’s beliefs about the bill of rights? jefferson believed that a bill of rights was unnecessary, while madison believed that it was necessary. madison believed that it was important to have a bill of rights to protect against the majority. jefferson believed that that the federal system would protect rights without a bill of rights. madison disagreed with jefferson’s belief that a bill of rights would protect citizens.