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People government and societies choose how to use scarce resources to produce items for consumption?
Wiki User
∙ 14y ago
4 economics
Wiki User
∙ 14y ago
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People government and societies choose how to use scarce resources to produce items for consumption.?
4 Economics
People government and society choose how to use scarce resources and to produce items for consumption?
4 Economics
What basic economic choice must people and societies make?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
societies make decisions about how to produce certain goods by?
considering whether companies or the government should make the goods.
What are two kinds of economic systems?
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
Government and societies choose how to use scarce resources to produce items for consumption.?
4 Economics
People government and societies choose how to use scarce resources to produce items for consumption.?
4 Economics
People government and society choose how to use scarce resources and to produce items for consumption?
4 Economics
What basic economic choice must people and societies?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
What basic economic choice must people and societies make?
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
The decision on how to use scarce resources to produce items for consumption would be explored in which of these social sciences?
economics
societies make decisions about how to produce certain goods by?
considering whether companies or the government should make the goods.
Do any society can produce goods and services?
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.
What are two kinds of economic systems?
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
What to produce how to produce for whom to produce?
consumption for whom to produced?
Why must the government go to business firms to buy resources for production?
Governments do not produce, they consume. However they have to deal with business to acquire the resources they need to operate.
How have resources changed along with societies increase in needs and wants?
Resources change in many ways in time and in response to consumers needs and wants. Technology has greatly increased in the production of goods and has made it possible to produce many more goods for cheaper prices. Because of the ever increasing of population that all societies must face, resources have to be stretched and produce to fits the needs and wants of all the people. Therefore, firms need to figure out ways to produce more with the same amount of raw material. Also, we can see that societies are moving more towards high-tech, high-fashion products, such as computers or luxury cars. For these products to be available different resources need to be made than producing clothes. New companies start to produce the microchips in the computer and develop the software. New companies start to install GPS systems into a lot of the new luxury cars.
