In a modern market economy,most of the answers to the questions of what to produce,how to produce it,and who should get the production are made by
A) governments.
B) individuals.
C) firms.
D) both B and C

Question

Quizplus · Accepted Answer

In a modern market economy, individuals and firms make most of the decisions regarding what to produce, how to produce it, and who should get the production. The government may intervene in certain areas, such as regulating certain industries or providing public goods, but the majority of decisions are left to the market forces of supply and demand. Therefore, both individuals and firms play a significant role in the decision-making process of a modern market economy.

In a Modern Market Economy,most of the Answers to the Questions