You Do!
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Consumers
In a market economy, goods and services are produced for consumers.
In a free market economy, goods and resources are distributed by property and supply/demand.
You Do!
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
In a command economy, supply and price are regulated by the government instead of market forces. Also, the government is solely responsible for deciding the goods and services to be produced and how they are distributed.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
they are bought and sold by the people (gradpt)
Consumers
In a mixed-market econom, the government imposes regulations on the production of goods and services.
No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
they are bought and sold by the people (gradpt)