167k views
4 votes
In a market economy, what determines for whom goods are produded?

OA. government and the market
OB. politicians and the bureaucracy
OC. supply and demand
OD.
custom and tradition
Reset
Submit

1 Answer

6 votes

Answer:

In a market economy, the supply and demand determine for whom goods and produced.

Step-by-step explanation:

There are multiple different economic types, all of which have experienced spikes and popularity, but some also decline. One of the economic types that seem to have been taking over the world since the past century and still continues to do so, is the market economy.

The market economy is an economic type where the businesses are privately owned, and the government only has a regulatory role so that laws are not broken and to protect the people. Also, the businesses have total freedom to decide what, how much, and in which manner to produce goods and where to supply them, and in what amount. The supply is directly dependent on the demand for a particular product in a particular area, so how much is demanded that much is supplied.

User GramThanos
by
6.1k points