In a market economy the goods and services that a country produces,and the quantity in which they are produced,is not planned by anyone.Rather,it is determined by the interaction of supply and demand and signalled to producers through the price system.

Question

Quizplus · Accepted Answer

In a market economy, the price system is used to signal to producers what goods and services to produce and in what quantity, based on the interaction of supply and demand.

In a Market Economy the Goods and Services That a Country