In a market system, the what decision is made most basically by
A)representative government.
B)national planning.
C)bankers.
D)advertisers and their ability to persuade buyers.
E)spending decisions of those with money.

Question

Quizplus · Accepted Answer

In a market system, the basic economic decisions are made through the spending decisions of those who have money. This is because the market system operates on the principle of supply and demand. As buyers express their preferences through their purchases, producers will adjust their production to meet the demands of the market. In this way, the price mechanism plays a crucial role in coordinating the allocation of resources in a market system. However, it should be noted that other factors, such as government regulations and interventions, can also influence market outcomes.

In a Market System, the What Decision Is Made Most