What gets produced in a market economy is determined by government household firms

Economics Feb 05, 2021

What gets produced in a market economy is determined by

government

household

firms

Expert Solution

What gets produced in a market economy is determined by household.

In market economy production decisions are made by firms and they produces the good which have demand in the market. Demand is made by the households. Households are the owners of the factors of production. So households decides what is to be produced.

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