QAEconomics › In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:
Q

In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:

A. all consumers.

B. buyers and sellers.

C. producers and input suppliers.

D. producers and government planning committees.

A

Answer: B. Buyers and sellers.

In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction between the buyers and the sellers, in that the terms of transactions are decided on by all parties, with special consideration for the preferences of the consumers.

4 months ago
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