A free market society.
complex
Actually, the correct answer is economic system.
Product market
In an economic system, decisions need to be made about the allocation of productive resources, including what to produce, how to produce, and for whom to produce. These choices determine the distribution of goods and services, influencing overall economic efficiency and equity. Additionally, considerations about the sustainability of resources and the impact on society and the environment are increasingly important in modern economic decision-making.
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.
A free market society.
complex
Actually, the correct answer is economic system.
Actually, the correct answer is economic system.
business
Product market
The term that refers to the creation or invention of new systems to fulfill a society need is "technology".
ebusiness
In an economic system, decisions need to be made about the allocation of productive resources, including what to produce, how to produce, and for whom to produce. These choices determine the distribution of goods and services, influencing overall economic efficiency and equity. Additionally, considerations about the sustainability of resources and the impact on society and the environment are increasingly important in modern economic decision-making.
Due to scarcity, a society must ask three fundamental questions: What to produce? This determines which goods and services should be prioritized based on limited resources. How to produce? This involves deciding on the methods and technologies to use in production to optimize resource use. Finally, for whom to produce? This question addresses the distribution of goods and services, ensuring that they meet the needs and wants of the population effectively.
Capitalism