The marketplace acts to allocate resources

Question

Quizplus · Accepted Answer

The marketplace is guided by the principles of supply and demand, which allows it to allocate resources efficiently. This means that goods and services are distributed to those who are most willing and able to pay for them, and producers are encouraged to produce the goods and services that are in high demand. However, the marketplace may not always allocate resources fairly or equitably, as certain groups or individuals may have greater access to resources than others.

The Marketplace Acts to Allocate Resources