80.8k views
0 votes
In a market system, how does society decide what goods and services will be produced?

1 Answer

5 votes

Answer:

the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand.

User Mukesh Rawat
by
5.1k points