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Society determines the allocation and use of resources through economic systems such as capitalism, socialism, or mixed economies, each with its own methods of production and distribution. Market forces, government policies, and social needs influence decisions about which goods and services to produce, how to produce them, and who receives them. This process involves balancing efficiency, equity, and sustainability to meet the demands and preferences of the population. Ultimately, resource distribution reflects societal values and priorities, impacting overall well-being and economic growth.

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3mo ago

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