What is the most effective allocation?APEX!
How are the resources distributed?
What is the most effective allocation?APEX!
What is the most effective allocation?APEX!
In every economic system, choices must be made because resources are limited or scarce relative to human wants and needs. This scarcity necessitates prioritization and trade-offs, as societies must decide how to allocate resources effectively to satisfy various demands. Consequently, choices reflect the values and priorities of individuals and communities, influencing production, consumption, and distribution. Ultimately, the manner in which these choices are made shapes the overall economic structure and outcomes.
Broad social / economic goals.
Resources are the responsibility of the operating system (OS). The programmer can request resources from the OS, but must release them to the system as soon as they are no longer required. As such, the programmer must manage the resources required by the program.
How is production to be organized
Scarcity of resources cause all nations to answer 3 economic questions because people have unlimited wants but limited resources to produce them.
How is production to be organized.
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
When to produce it. ^^ from Stars Suite.
The thre questions that all economic systems must ask are: What to make? How to make it?, and Who gets it? Tough questions.