Economy, asked by smakhija7197, 1 year ago

For whom are the goods are produced in a market economy?

Answers

Answered by Chandusmart
0

Answer:

for producers decide it

Answered by kingofself
0

Answer:

  • 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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