An important part of the market system is that producers and consumers consider the public interest in making production and consumption decisions.

Name: An important part of the market system is that producers and consumers consider the public interest in making production and consumption decisions.
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Question

Quizplus · Accepted Answer

In a market system, producers and consumers primarily focus on their own self-interest rather than the public interest when making production and consumption decisions.

An Important Part of the Market System Is That Producers