What would you like to do?
how old are you, 4! you can answer it! uh. no. that's not the answer. its benefit maximazation.
No matter how much supply is produced, people's demands will always increase to exceed supply.
The four major economic goals that must be achieved by every country is : Price stability Faster economic growth then population Equitable distribution of income and wea…lth Low unemployment
Because there are as many ways to be greedy as there are greedy people.
Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.
There are not enough resources to produce all of the goods and services that everyone wants
Which best explains why the game of economics is about setting goals as much as it is about making allocation decisions?
There are different and incompatible economic goals. There are different and incompatible economic goals. different people want different things out of life.
In Ice Hockey
I play hockey and I don't know of any name that would be for 4 howls but 3 girls a hockey game is called a hat trick
Because our economies are not organized for maximum *economy*: everything in capitalism is based on getting people to consume, use up, spend, need, want...more and more, to th…e point where large portions of the world's population are dying young from consuming things they don't need. If resources were shared in a need-based (as opposed to "greed-based") way, there would be no need to make lots of money in order to survive (or to exploit humans, animals, and nature the way it's being done now). If our economy were organized for maximum economy and prosperity for all, the race for market superiority would end, and people would start focusing on methods to solve problems, such as famine, climate change, loss of biodiversity, and pollution, all of which are results and causes of scarcity. But the main reason for scarcity is that capitalism needs scarcity in order to give things value. The rule of supply and demand says that the rarer or more "limited" something is, the higher the price tag. So scarcity is a welcome, integral part of how our current system works...because it's a system that doesn't put human or global needs first, but rather turns it all into a big game as you call it, where it's about trying to win while everyone else loses. Instead we ought to realize that if anybody loses at all, then we all lose, because it means our economy has failed and we have failed to become humane enough to always put people and peace before profit and power.
What be explains why the game of economics is about settings goals as much as it is about makkeing allocation decisions?
this is supposed to be a place for answers not blanks, hefers.
What explains why the game of economics is about setting goals as much as it is about making allocation decisions?
There are different and incompatible economic goals.
Some goals are incompatible with each other.