What does a market economy use to determine the what is produced,how,and for whom problems?
A)A price system
B)The government
C)An election
D)A tax system
E)Bribery

Question

Quizplus · Accepted Answer

In a market economy, the price system is used to determine what is produced, how it is produced, and for whom it is produced. This is based on the forces of supply and demand, where prices adjust to balance what producers are willing to supply and what consumers are willing to buy. The market provides incentives for producers to allocate resources efficiently and for consumers to make choices based on their preferences and budget constraints. In this way, the market economy is self-regulating and decentralized.

What Does a Market Economy Use to Determine the What