In capitalism,most decisions about what goods and services to produce are made by:
A)majority rule,with everyone receiving an equal vote.
B)a variety of government agencies.
C)a central planning board that consists of consumers,business executives,and employees.
D)business people.

Question

Quizplus · Accepted Answer

In capitalism, most decisions about what goods and services to produce are made by business people, who aim to maximize their profits by producing goods and services that are in demand and can be sold at a profitable price. This is known as the law of supply and demand, where the market determines the prices and quantities of goods and services.

In Capitalism,most Decisions About What Goods and Services to Produce