Who is primarily responsible for making economic decisions in a market economy?

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06-05-2021
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Who is primarily responsible for making economic decisions in a market economy?

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Leiladodson7idn Leiladodson7idn · Answer 1 · 2021-05-06T10:53:29-04:00

Leiladodson7idn Leiladodson7idn

06-05-2021

Answer:

individual consumers and private businesses which produce goods and services

Explanation:

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EquestrianLionidn EquestrianLionidn · Answer 2 · 2022-06-28T12:45:58-04:00

EquestrianLionidn EquestrianLionidn

28-06-2022

Answer:

Private individuals and businesses

Explanation:

Market economic systems are characterized by the unregulated exchange of goods and services. In this type of system, private individuals and businesses own and operate the means of production. They are free to decide what to produce. They can also set prices.

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