The government, not the market, deciding what gets produced leads to producing many items consumers don’t want.

1 answer:

7 0

The market forces regulate production to align with the supply. As demand increases, the supply is increased to meet the new demands. when the government controls production there may be a surplus of goods that are not needed and a scarcity of basic goods. The economic principles that inform production may be undermined by political agendas.

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