Private Businesses is most responsible for producing the goods people in Market Economy.
Market Economy:
In a market economy, most economic decision making is done through the voluntary transactions according to the laws of supply and demand.
A market economy gives companies the freedom to pursue profit by creating outputs that are more valuable than the inputs they use, and free to fail and go out of business if they do not.
Private Business:
A private business is all the companies that are owned and controlled by one person or a small group of people, considered as a whole. And it is not owned by Government.
Hence, goods people needs in a society is fulfilled by Private businesses in a Market Economy.
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