Question

Choose the correct answer and provide an explanation for it. *Who receives the most of what...

Choose the correct answer and provide an explanation for it.

*Who receives the most of what is produced in a market economy?

-lawmakers and other politically favored groups

-those who are willing and able to buy them

-everyone receives an equal amount

- people who earn the highest incomes

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Answer #1

B is the answer. Those who are willing and able to buy them.Market economies work using the forces of supply and demand to determine the appropriate prices and quantities for most goods and services in the economy.

In market economies,politics and lawmakers are least involved in functioning of economy and therefore they are not the most benefited.

Everyone doesn't receive the equal amount in market economy like socialism.Instead price levels and quantity are determined by supply and demand.

People who earn the highest income are normally the business people in market economy but they are not the primary driving force of the economy.Consumers are the driving force which mostly comprises of middle class.

Demand in the market economy is always kept up by the people who are willing and able to buy the product.

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