Question

In a market economy, who decides how resources are used and distributed?

Answer 1

Answer:

consumers and producers

Explanation:

In a market economy, "consumers and producers" decide how resources are used and distributed.

A market economy is known as an economic system whereby decisions on production and distribution are set up and controlled by forces of demand and supply. In this type of economy, all the resources are owned by individuals. The individuals take the decision on allocation of those resources without government intervention and involvement. These individuals are the "consumers and producers" and they decide how the resources are used and distributed.