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History, 01.10.2021 08:20 monsterking4549

Urgent! Every society must answer four fundamental economic questions: What will be produced? How should production be organized? How will goods and services be distributed? What is the most effective allocation of resources? How societies answer these questions depends on their economic goals: freedom, efficiency, equity, growth, security, and stability. Societies differ in the degree of importance they attach to each goal. Progress toward one goal can sometimes be achieved only at the expense of another. Fill in the missing answers on the following chart.


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Every society must answer four fundamental economic questions: What will be produced? How

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