QuestionAugust 21, 2025

goods and services should be produced? In a Free Market System, who would most likely answer the question:What 5 points the consumers businesses the federal government the state government

goods and services should be produced? In a Free Market System, who would most likely answer the question:What 5 points the consumers businesses the federal government the state government
goods and services should be produced?
In a Free Market System, who would most likely answer the question:What 5 points
the consumers
businesses
the federal government
the state government

Solution
4.5(412 votes)

Answer

the consumers Explanation 1. Identify the decision-makers in a Free Market System In a Free Market System, decisions about production are primarily driven by supply and demand dynamics. 2. Determine who influences production Consumers influence production through their purchasing choices, signaling what goods and services are desired. 3. Role of businesses Businesses respond to consumer demands by producing goods and services that are profitable. 4. Government role The federal and state governments have minimal direct involvement in production decisions in a Free Market System. 5. Conclusion on primary decision-makers Consumers and businesses collaboratively determine what is produced based on market signals.

Explanation

1. Identify the decision-makers in a Free Market System<br /> In a Free Market System, decisions about production are primarily driven by supply and demand dynamics.<br /><br />2. Determine who influences production<br /> Consumers influence production through their purchasing choices, signaling what goods and services are desired.<br /><br />3. Role of businesses<br /> Businesses respond to consumer demands by producing goods and services that are profitable.<br /><br />4. Government role<br /> The federal and state governments have minimal direct involvement in production decisions in a Free Market System.<br /><br />5. Conclusion on primary decision-makers<br /> Consumers and businesses collaboratively determine what is produced based on market signals.
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