In a modern mixed economy, who decides what goods and services will be produced?

Question

Quizplus · Accepted Answer

In a modern mixed economy, decisions about what goods and services will be produced are influenced by all three parties - producers, consumers, and the government. Producers will make decisions based on what goods and services are in demand from consumers and what they are able to produce efficiently. Consumers will also influence what is produced by expressing their preferences through their purchasing decisions. Additionally, the government may influence production decisions through regulations, subsidies, and other policies. Therefore, all three parties have a role in determining what goods and services are produced in a modern mixed economy.

In a Modern Mixed Economy, Who Decides What Goods and Services