Who makes economic decisions?
A) They are only made by government leaders.
B) They are made in both the private and public sectors.
C) They are only made where monetary exchanges take place.
D) They are only made at the management level of corporations.

Question

Quizplus · Accepted Answer

Economic decisions are made by both the private and public sectors. Private sector includes individuals, households, and businesses who make decisions regarding their own economic activities, while public sector includes governments who make decisions on a national level regarding issues such as taxes, subsidies, and regulations.

Who Makes Economic Decisions