A market-directed economy is one in which government officials decide what and how much is to be produced and distributed by whom, when, to whom, and why.

Question

Quizplus · Accepted Answer

A market-directed economy is actually the opposite of what is described in the statement. In a market-directed economy, production and distribution decisions are made by individual firms and consumers based on market demand and supply, rather than by government officials.

A Market-Directed Economy Is One in Which Government Officials Decide