In a market system, what provides individuals the information needed to make decisions?
A) insurance
B) prices
C) patents
D) government

Question

Quizplus · Accepted Answer

Prices provide individuals with information about the supply and demand of goods and services in the market, indicating how much they cost and whether they are scarce or abundant. This allows individuals to make informed decisions about what to buy and sell in the market. Insurance and patents are not directly related to providing information in a market system, and while the government may provide information, it is not the primary source in a market system.

In a Market System, What Provides Individuals the Information Needed