A difference between the market and the public sector is that
A) competition exists only in the market sector.
B) resources are only scarce for the market sector.
C) decision making is by majority rule in the public sector but not in the market sector.
D) only the public sector produces private goods.

Question

Quizplus · Accepted Answer

In the public sector, decisions are often made through majority rule, such as voting in democratic processes, whereas in the market sector, decisions are made based on supply and demand dynamics.

A Difference Between the Market and the Public Sector Is