The three basic economic questions societies face are (1) what goods and services to produce, (2) how to produce those goods and

Question

2 years ago

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The three basic economic questions societies face are (1) what goods and services to produce, (2) how to produce those goods and

services, and (3) who will get them.
In one or two paragraphs, explain how supply and demand help societies determine their answers to these three questions. Be sure to provide an example of the effect of supply and demand on a society's answers.

Social Studies

1 answer:

Sliva [168] · Answer 1 · 2023-02-17T15:35:46+03:00

Sliva [168]2 years ago

4 0

Answer:
For whom are goods and services to be produced? In other words, who gets what?
What should we produce?
For whom should we produce it?