In a modern mixed economy,who decides what goods and services will be produced?

Question

Quizplus · Accepted Answer

In a modern mixed economy, the decision of what goods and services will be produced is not made solely by one entity. Producers play a role in deciding what goods they want to produce based on factors such as demand and profitability. Consumers also have an impact on the goods and services produced as their buying decisions influence the market. Additionally, the government can influence what goods and services are produced through regulations, subsidies, and public investment. Therefore, all of the above (producers, consumers, and government) have a role in deciding what goods and services will be produced in a modern mixed economy.

In a Modern Mixed Economy,who Decides What Goods and Services