Question

Which situation best illustrates how production decisions are made in a
market economy?
O A. A village elder teaches young farmers which crops to grow in
different seasons.
B. A business is forced to shut down for failing to follow safety
regulations
O C. A company designs a new laptop computer with features
consumers want.
O D. A government panel orders factories to make more fuel-efficient
cars.
SUBMI

Answer 1

Answer:O C. A company designs a new laptop computer with features

Explanation:

Answer 2

The best situation for production decisions made in a market economy  is The option C  A company designs a new laptop computer with features  consumers want.

Market Economy: is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.

This means that the  Innovation is rewarded with profits: Creative new products will meet the needs of consumers in better ways than existing goods and services.

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