In a market-directed economy, government officials decide what and how much is to be produced and distributed by whom, when, to whom, and why.

Name: In a market-directed economy, government officials decide what and how much is to be produced and distributed by whom, when, to whom, and why.
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Question

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In a market-directed economy, decisions regarding production and distribution are primarily made by the interaction of supply and demand in the marketplace, rather than by government officials.

In a Market-Directed Economy, Government Officials Decide What and How