Goods and services
Economics is about the allocation of resources for the production and distribution of goods and _services_
Production and distribution
Allocating
allocating scarce productive resources to satisfy wants.
Allocating Apex
Economics is about the allocation of resources for the production and distribution of goods and _services_
Production and distribution
Allocating
allocating scarce productive resources to satisfy wants.
Allocating Apex
Allocating
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
economics
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
"Discuss the shortcomings of the market in allocating resources?" how the intervention of gov will attempt to correct the maket shortcoming?
To distribute means to give out or spread something among a group of people or a wider area. It involves dividing or allocating resources, goods, or information to multiple recipients.