For whom are the goods are produced in a market economy?
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for producers decide it
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- The goods are free and self-directed this implies that what to produce is determined by customers, how to produce is determined by manufacturers and who gets the products depends on the consumer's purchasing power.
- And also depends the requirement of goods.
- Market economies use the means of manufacturing and voluntary exchanges/contracts as personal property.
- Governments own production factors such as soil, capital and resources in a command economy.
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