For whom is given mix of services and goods to be produced?, Ask an Expert

Economics

Problem

For whom is given mix of services and goods to be produced? How, in other words, are the society's outputs to be distributed between its members?" In a market economy, this problem is solved primarily in the:

a) Private sector via the earning and spending of income

b) Money market via borrowing and saving by businesses and households

c) Business sector via the mechanism of the advertising

d) Public sector via the mechanism of the central planning

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M914071

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