In a market economy what directs the production of goods and services

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06-12-2021
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In a market economy what directs the production of goods and services

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gothicwolf1567 gothicwolf1567 · Answer 1 · 2021-12-06T22:43:50-05:00

gothicwolf1567 gothicwolf1567

06-12-2021

Answer: supply and demand

Explanation: people’s desire for certain products create a demand, or need for them. In order for these products and items to be obtained by the people who demand them, they must create them and therefore create a supply. When the people demand a product, often times the supply will increase but be limited because companies want to charge more for the product.

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