Consumer preferences and resource scarcity determine which goods are produced and in what quantity; the prices in a market economy act as signals to producers and consumers who use these price signals to help make decisions.
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Answer:
The consumers have a vital role in the market economy because without consumers, no relationship can be created between the market economy and the product company.
Explanation:
Consumers are those who buy things according to their needs by giving the money. Only the consumers' demands can decide what the need of the product and what the price should be assigned to the product .hence we can conclude that production can only be determined by the consumers' needs in the market economy.
