The economic system that is generally considered to be the most efficient at answering the What to produce and the How to produce questions is the:
A) market economy.
B) command economy
C) soviet economy.
D) traditional economy.

Question

Quizplus · Accepted Answer

In a market economy, the forces of supply and demand determine what goods and services are produced and how they are produced. This system is characterized by competition, private ownership, and individual decision-making. As a result, market economies tend to be highly efficient at allocating resources and maximizing production.

The Economic System That Is Generally Considered to Be the Most