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To consumers based on the basis of their ability and willingness to pay the existing market price
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Who consumes the goods and services market economy?
You Do!
What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Who decides who Consumes goods and services in a market economy?
Consumers
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
How are good resources distributed in a free market economy?
In a free market economy, goods and resources are distributed by property and supply/demand.
Who consumes the goods and services market economy?
You Do!
What are the two features of a command economy?
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
How are goods and services distributed in free market?
they are bought and sold by the people (gradpt)
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Who decides who Consumes goods and services in a market economy?
Consumers
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Is England an planned economy?
No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
How are goods and services distributed in a free-market system?
they are bought and sold by the people (gradpt)
