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The whole point of the free market is that everybody gets to make their own economic decisions, since the economy is not run by any central planner as in a communist system. So if someone wants to produce something, they do. If they don't want to, they don't.
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∙ 14y ago
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Who decides what is produced in a market economy?
Entrepreneurs
In Cuba what decides which goods and services are produced?
government mostly[market activities are limited in cuba]
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
How does command economy's differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
Who decides what is produced in a market economy?
Entrepreneurs
In Cuba what decides which goods and services are produced?
government mostly[market activities are limited in cuba]
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
How does a market economy differs from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does a market economy differ from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does a market economy different from a command economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
How does command economy's differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
If a market system is based on consumer sovereignty then how can business decide what is to be produced?
Test market in a small region or area first.
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.
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
What is true in a command economy?
The government decides which goods are produced.The government decides which goods are produced.
