Mark thinks the government should determine how, when, and for whom goods should be produced. His ideas are based on which of these economists

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Social Studies

Myla Martinez

6 January, 07:32

Mark thinks the government should determine how, when, and for whom goods should be produced. His ideas are based on which of these economists

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Kamora Hopkins · Answer 1

The answer is Marx. The statement that the government determines what, how and for whom products and services are produced. reflects the command economy. This statement is often associated with Karl Marx and the political system of communism. According to the supporters of the command economy, it enabled the government to overcome market inequality by determining what, how and for whom products and services are produced. This should maximise social welfare