An economic plan
allocating scarce productive resources to satisfy wants.
An Economic system
false
Consumers In Society.
Rationing, price control, command economy, reservation for privileged classes like handicapped
An economic plan
allocating scarce productive resources to satisfy wants.
An Economic system
false
Consumers In Society.
Rationing, price control, command economy, reservation for privileged classes like handicapped
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
Incident command team
A system of allocating scarce goods and services using criteria other than price is _____.
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.
Incident command team
The government and its various agencies dealing with economic events.