In a market system, the distribution of goods and services largely depends on the distribution of income
and people's preferences.

Question

Quizplus · Accepted Answer

In a market system, people's ability to purchase goods and services is determined by their income. Therefore, the distribution of goods and services is largely influenced by the distribution of income. People's preferences also play a role in determining what goods and services are demanded in the market, but income is a more fundamental determining factor.

In a Market System, the Distribution of Goods and Services