Answer:
Society's economic system determines the way a society allocates it's scarce resources to produce goods and services.
Option: A
Explanation:
To maintain sustainable development and to ensure a good future towards our present generation optimum use of available resource is required.
That means people will use the resource as per their demand keeping one thing in their mind that we have to preserve this existing resource for our future generation also.
Society (a group of people) allocates the existing resource to produce good and services. Unless an object used in a proper way for the benefit of public it does not called resource.
To face this raising scarcity of resource people needs to be very aware and conscious.
I think it’s A but I’m not sure
Laissez-faire or free enterprise system is the principle wherein the government has little or minimal interference in the nation's economy.
This principle allowed more people to open, specialize, and industrialize their business efforts. This practice boosted the economy making more profit not only for the business people but for the nation as a whole.
It also benefited consumers because they were able to have more choices in terms of basic and luxury products.
