Ask Question
12 August, 22:55

In three to four sentences, explain what determines the allocation of resources and distribution of goods in a market economy versus a planned economy.

+1
Answers (1)
  1. 13 August, 01:27
    0
    In a market economy, the allocation of resources and distribution of goods is determined primarily through supply and demand, whereas in a planned economy, the government makes decisions on how much of each good will be produced based on guesswork, which oftentimes fails to be correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In three to four sentences, explain what determines the allocation of resources and distribution of goods in a market economy versus a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers