Initially the producers themselves, eventually the "laws of supply and demand" should weed out those products that are not wanted and those that are in demand will be made, unwanted or un-economic products will cease to be produced.
This does not happen in the real world as there is no free enteprise on Earth (all economies are governed and controlled by some forces, be they legislature, outside interventions - treaties, trade agreements, invasive powers, copyrights, patents, etc.)
Which group of people untimately determines the products that a free enterprise economy produce
Consumers
In an economy based on free enterprise people are free to start their own businesses.
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Free Enterprise System
Which group of people untimately determines the products that a free enterprise economy produce
Consumers
Yes, the US has a free enterprise economy.
In an economy based on free enterprise people are free to start their own businesses.
The economy is a free enterprise market economy.
The economy of Philippines is based on free enterprise.
Yes it does
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Free Enterprise System
Demand. (See supply and demand models, graphed and discussed in any standard Economics textbook.)
Why is the u.s. economy considered a free enterprise economy
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