Consider the following economic agents:
A. the government
B. consumers
C. Producers
Who, in a market economy, decides what goods and services will be produced with the scarce resources available in that economy?

Question

Consider the following economic agents: 
A. the government
B. consumers
C. Producers
Who, in a market economy, decides what goods and services will be produced with the scarce resources available in that economy?

Quizplus · Accepted Answer

In a market economy, both consumers and producers play a crucial role in deciding what goods and services will be produced. Consumers express their preferences and demand through their purchasing choices, while producers decide what to supply based on consumer demand and other factors like cost and competition.

Consider the Following Economic Agents