The Substantivist Approach in Economics Differs from the Formalist View

The substantivist approach in economics differs from the formalist view by __________.

A) suggesting that money is the prime mover in all economic systems
B) focusing on supply and demand economics as opposed to price fixing
C) maintaining that the ways of allocating goods and services in small-scale societies differ fundamentally from those of large-scale Western economic systems
D) assuming that all peoples act to maximize their individual gains

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