For whom goods are produced is a question that is largely answered by pricing the factors of production that people own.

Name: For whom goods are produced is a question that is largely answered by pricing the factors of production that people own.
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Question

Quizplus · Accepted Answer

Pricing the factors of production determines the allocation of resources, which in turn determines what goods are produced and for whom. This is a fundamental principle of a market economy.

For Whom Goods Are Produced Is a Question That Is