In a market system, the distribution of goods and services among consumers is largely determined by:
A) The willingness and ability of consumers to pay the prices
B) Whoever needs the goods and services the most
C) Whoever has the closest connection to firms and the government
D) A random factor that is almost impossible to predict

Question

Quizplus · Accepted Answer

In a market system, goods and services are distributed based on the willingness and ability of consumers to pay. This means that those who are able and willing to pay the price for a good or service get to access it, while those who cannot or will not pay do not. This creates a system where supply and demand determine the allocation of resources.

In a Market System, the Distribution of Goods and Services