In modern society, most goods are allocated by:
A)governments.
B)banks.
C)ethnicities.
D)markets.

Question

Quizplus · Accepted Answer

Markets are the primary mechanism for allocating goods in modern society. The supply and demand for goods, along with their associated prices, determine how they are distributed among consumers. This process is known as market allocation, which is largely driven by market competition and consumer preferences. While governments and banks may play a role in regulating markets and providing financial support, they do not directly determine how goods are distributed. Ethnicity is also not a factor in the allocation of goods.

In Modern Society, Most Goods Are Allocated By