How does a market system prevent people from getting as many goods and services as they wish?
A)Governments interfere with the market mechanism to influence the allocation of goods and services.
B)In a market system,firms can charge any price they want,thus preventing poor people from getting as many goods and services as they wish.
C)The market system allocates goods and services to those who are able to pay for those products and therefore income is a limiting factor.
D)The government imposes taxes on those who earn beyond a certain amount of income.

Question

Quizplus · Accepted Answer

In a market system, goods and services are allocated based on the ability to pay, which means income is a limiting factor. Those who cannot afford to pay for certain products or services are unable to acquire them, preventing them from obtaining as many goods and services as they wish. Government interference, firm pricing, and taxation may affect the market mechanism, but the fundamental principle of a market system is that individuals can only get goods and services if they are able to pay for them.

How Does a Market System Prevent People from Getting as Many