Even countries that depend primarily on market forces to resolve the basic economic questions will usually rely on the collectiv

Question

ohaa [14]

1 year ago

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Even countries that depend primarily on market forces to resolve the basic economic questions will usually rely on the collectiv

e decision-making process to:______

Social Studies

1 answer:

riadik2000 [5.3K] · Answer 1 · 2024-04-08T11:41:48+03:00

It is not governed by a centralized body; rather, the supply and demand for goods and services decide it. Japan, England, and the United States are all instances of market economies.

<h3>Why is it vital to make decisions as a group ?</h3>

Collective intelligence and decision-making are crucial tools for integrating information between people, which might be more complex than individual judgements. They are founded on several information integration models. Individual decisions are those made during the decision-making process where an individual chooses the course of action to be taken in the business from a variety of choices, whereas collective decisions are those made through group discussions that result in group consensus.

Separating apart sessions for various ways of thinking. For instance, a brainstorming session where participants freely share their boldest ideas without judgment.

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