ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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whomever the government decides should get them
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those who both have the money and who are willing to spend it for the goods and services that they want
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for the government officials
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the traditional consumers
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Detailed explanation-1: -Whoever the government decides gets them, whoever needs them, whoever is ready and able to pay the amount. A market economy is where the settlement of goods and services is guided by the communication between the organizations and people.
Detailed explanation-2: -Consumers are free to buy the goods and services that best fill their wants and needs. Workers are free to seek any jobs for which they are qualified. A market economy is driven by the motive of self-interest. Consumers have the motive of trying to get the greatest benefits from their budgets.
Detailed explanation-3: -A command economy is an economic system in which the government, or the central planner, determines what goods and services should be produced, the supply that should be produced, and the price of goods and services.
Detailed explanation-4: -In a market economy, the decisions are made by the producers and consumers. The government intervenes minimally in the market and does not make any decisions about what is produced or how it is produced.
Detailed explanation-5: -Answer and Explanation: In a market economy the producers of goods and services decide which ones will be made. The producers usually base their decisions on their perception of the demand for such goods and services. However, the government also plays a role.