Who gets scarce resources in a market economy?

A) The government
B) Whoever the government decides gets them
C) Whoever wants them
D) Whoever is willing and able to pay the price

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Scarce Resources

Natural or human resources that are limited in supply, compelling choices regarding their use.

Willing and Able

Describes individuals who are both inclined and have the capacity to work or engage in economic activity.