Explain the problem of deciding who should rece... - SS1 Economics Basic Economic Problems of Society Question
Explain the problem of deciding who should receive the goods and services produced.
This refers to the problem of deciding who should receive the goods and services produced. In a market economy, the price system determines who gets what, based on the ability and willingness to pay. In a command economy, the government decides who gets what based on social and political criteria.
Please share this, thanks:
Add your answer
No responses