In a market economy,those who are willing and able to buy what is produced
A)receive what the government allows them to receive.
B)receive the most of what is produced.
C)receive no more than everyone else in the market.
D)solely determine what is produced.

Question

Quizplus · Accepted Answer

In a market economy, the allocation of resources and distribution of goods and services is primarily determined by the law of supply and demand. Those who are willing and able to pay the market price for a good or service will tend to receive the most of what is produced, as producers will prioritize fulfilling the orders of customers who are willing to pay the most. This is why people with higher incomes or greater purchasing power tend to have greater access to goods and services in a market economy.

In a Market Economy,those Who Are Willing and Able to Buy