In a market-directed economy:

Question

Quizplus · Accepted Answer

In a market-directed economy, individual decisions of producers and consumers have a cumulative effect on the macro-level decisions for the economy as a whole. The interaction of supply and demand determines the prices and quantities of goods and services produced, as well as the allocation of resources. The government has a limited role in regulating and enforcing market rules, but overall the economy is driven by the aggregated actions of its participants. Marketing managers may provide input in shaping consumer preferences, but they do not make all the important economic decisions. Government planners and voters have a minor role in decision-making and are not the primary drivers of the market-directed economy. Therefore, option E is the best choice.

In a Market-Directed Economy