Asked by

Kelsey Bridges
on Nov 25, 2024

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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.

Goods And Services

Physical items that satisfy human wants and provide benefits, and intangible activities or benefits that are exchanged between parties.

Willingness And Ability

The readiness and capacity of an individual or group to engage in a particular activity or transaction.

Consumers

Consumers are individuals or entities that purchase goods and services for personal use and not for manufacture or resale.

  • Comprehend the role of prices in the distribution of goods and services.
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JN
Jayla NicoleNov 27, 2024
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