4 economics
4 Economics
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
considering whether companies or the government should make the goods.
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
4 Economics
4 economics
4 Economics
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
Societies make choices about how to use their resources. Businesses make choices about what to produce and when to produce it.
economics
considering whether companies or the government should make the goods.
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.
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
consumption for whom to produced?
Governments do not produce, they consume. However they have to deal with business to acquire the resources they need to operate.
no