asked 102k views
5 votes
How does each society determine who will consume what is produced? a) based on its needs and wants b) based on economic equity c) based on the amount of factor payments d) based on its unique combination of social values and goals

1 Answer

4 votes

Answer:D. Based on its unique combination of social values and goals. I hope this helps

Step-by-step explanation:

The answer is d) based on its unique combination of social values and goals. The way in which a society determines who will consume what is produced is influenced by a complex interplay of social, cultural, political, and economic factors. These factors are shaped by the unique combination of values and goals that define a given society. For example, some societies may place a greater emphasis on individualism and competition, while others may prioritize collective welfare and social harmony. The distribution of goods and services within a society is thus shaped by these underlying factors, as well as by the ways in which economic institutions and policies are designed and implemented. Ultimately, the specific mechanism through which goods and services are allocated to consumers will depend on the unique features of a given society and its historical context.

answered
User Bramat
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.