In a market economy, what is produced is ultimately determined by
A) consumers.
B) producers.
C) the government.
D) exporters.

Question

Quizplus · Accepted Answer

In a market economy, what is produced is determined by the demand of the consumers. Producers produce goods and services based on what consumers are willing to buy in order to make a profit. While the government may regulate certain industries or impose taxes, overall product decisions are driven by the free market and consumer demand. Exporters may also play a role in the economy, but they are not the ultimate determiners of what is produced.

In a Market Economy, What Is Produced Is Ultimately Determined