Na planned economy, prices of commodities are controlled by a. supply and demand b. producers and consumers c. the government d. private enterprises

Explanation:

The economic system in which government plans and determines the production of the goods and their prices  is called command economy. Government also owns the industries and focuses on macroeconomic objectives to decide the production.  North Korea, Cuba and USSR had command economies.

While in the free market economy the production of goods and services is not regulated by the government and is dependent on the demand and supply and the companies are free to produce whichever commodities they want to produce.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school