4 economics
4 Economics
4 Economics
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
considering whether companies or the government should make the goods.
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
4 Economics
4 Economics
Economics is the social science that studies how individuals, governments, and societies make choices on how to allocate resources to produce goods and services for consumption. It deals with the production, distribution, and consumption of goods and services within a society.
4 Economics
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
economics
Cultural anthropology defines an economic system as the structures and processes that societies use to manage their resources and distribute goods and services. It examines how different cultures value, produce, and exchange these resources, considering factors like social organization, technology, and beliefs about wealth and value.
considering whether companies or the government should make the goods.
no, i dont think that any society can produce goods and services that meet all its wants because there are societies with poor resourses and some with rich resources.
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
consumption for whom to produced?