In a market economy,the _______ determines who gets the goods and services produced.

Question

Quizplus · Accepted Answer

In a market economy, the allocation of goods and services is determined by the market mechanism, which refers to the interaction between buyers and sellers in the marketplace. The market mechanism is driven by the forces of supply and demand, where prices adjust to balance the two. The government may play a role in regulating and enforcing market rules, but it does not determine who gets the goods and services produced. The stock market is a platform for buying and selling ownership shares in companies, but it does not determine the allocation of goods and services in the economy. Therefore, the most appropriate choice is B) Market mechanism.

In a Market Economy,the _______ Determines Who Gets the Goods