In three to four sentences explain what determines the allocation of resources and distribution of goods in a market economy versus a planned economy

A market economy is where economic decisions surrounding the pricing of goods and services is decided based on the interactions of a country's citizens and businesses. There is little to no government intervention or planning in a market economy. A planned economy is an economy where the government will control and regulate all steps in the production to being sold process. They have control over production, distribution, prices, marketing and much more. Resources will vary in the two economy's based on who is in control of the resources and how they wish for them to be distributed. In a market economy the citizen's will help determine that based on supply and demand and in a planned economy the government will.