The market process tends to ensure that

Name: The market process tends to ensure that
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

The market process involves the interaction of demand and supply, and firms tend to produce and sell the products that consumers want the most. This is driven by the profit motive, where firms seek to maximize their profits by catering to consumer demand. As a result, consumers typically get the products they want, which is one of the key benefits of the market process.

The Market Process Tends to Ensure That