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a skarcity of resources
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∙ 14y ago
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How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
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.
Why does it make sense to trade with other nations?
A nation will produce what it can produce most efficiently and effectively and buy from other nations what they can produce most efficiently and effectively.
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
What will be your future?
Only you can decide that by what you do. To a great extent our choices shape our future and how we react decides what we do. Yes, there are forces out of our control, but for the most part we make our choices.
How does scarcity force us to make choices?
Scarcity forces us to make choices because every individual have unlimited wants to satisfy. And no one can have everything that they desire, as supplies and resources are limited.
Why cant businesses or nations produce as much as they want?
They can not make as much as they want because they will have to produce less of something else.
What forces people to make economic choices?
people need to save money and want to buy wat they want
How do you make good choices?
You make good choices by listening being good.
Do the choices you make determine who you are?
No, but the choices you make do have a fair bit to do with how the world sees and judges you.
What are intentional chocies?
Intentional choices are the choices you make on purpose.
