In 2 or 3 sentences, explain what determines the allocation of resources and distribution of goods in a market economy versus a planned economy.

Explanation:

In a market economy, resource allocation is determined by the supply and demand forces. In other words, the allocation of resources is decided using the price  mechanism.

The resource allocation in a planned economy, on the other hand, is determined by a government or a central authority. In other words, the central authority decides the quantity to be produced, the method of production, and the target consumer to whom the production is targeted.

where is the graph?

answer; synthetic production system;