Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Which of the following will most efficiently provide products? a market economy with one producer a market economy with many producers a command economy with one producer a command economy with many producers

Sagot :

In theory, a market economy with many producers will most efficiently provide products. The reason for this, is that a market economy is ruled by consumers' needs and wants (as opposed to what the government thinks should be) and producers will compete to satisfy these market's needs.