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

Question

Quizplus · Accepted Answer

In a market economy, the decisions are made by both consumers and producers. Consumers decide what goods and services they want to purchase by using their purchasing power to signal to producers what is in demand. Producers then evaluate this demand and decide what goods and services to produce in order to meet consumer demand and make a profit. This process is driven by the forces of supply and demand in the market, rather than by government intervention or control.

In a Market Economy,who Decides What Goods and Services Will