Most goods in our economy are allocated in markets, where buyers pay for what they receive and sellers are paid for what they provide.

Question

Quizplus · Accepted Answer

In market economies, most goods and services are allocated through markets where prices serve as signals for the allocation of resources. Buyers pay for what they receive, and sellers receive payment for what they provide, facilitating the exchange of goods and services.

Most Goods in Our Economy Are Allocated in Markets, Where