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

Question

Quizplus · Accepted Answer

In a modern mixed economy, the decision of what goods and services will be produced is a result of the combination of decisions made by producers, consumers, and the government. Producers make decisions based on market demand and profitability, consumers make decisions based on their preferences and purchasing power, and the government can influence production through laws, regulations, and public spending. Therefore, all three sectors play a role in determining the mix of goods and services produced in a modern mixed economy.

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