The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
Allocating
The government cut off aid to tribal governments for services such as education and health care
Education Human Services Public Safety Transportation General Government Economic Development Natural Resources
Microeconomics (or price theory) is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources,[1] typically in markets where goods or services are being bought and sold. Macroeconomics, on the other hand, involves the "sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national economic policies relating to these issues" and the effects of government actions (e.g., changing taxation levels) on them
Areas of responsibility covered by the state government include:healtheducationlaw and order (state courts and police)emergency services, e.g. fire, ambulance, SESpublic transporthousingwatertourismsport and recreationenvironment and wildlife protectionroads and motor registrationmining and natural resources
What to produce
The question markets or governments are answering when they make decisions about how to efficiently convert resources in to goods and services is How to Produce? This is part of a planned economy which tries to improve productivity.
what to produce
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
What to produce
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
Allocating
Economic Resources
Socialism.
Allocating