Based on economic theory, if a person wants to purchase a large stereo system, what must necessarily occur?

History

2 answers:

Nina [5.8K]3 years ago

7 0

Answer:

A whole economy can be judged just like an individual, based on the way how resources are allocated, or more simply how money <em>(the representation of value, work and energy)</em> as a resource is spent, with a resource being whatever is used to produce and obtain goods and services. Thus <em>allocation of resources</em> must occur so that person can buy that stereo ystem.

Explanation:

valentinak56 [21]3 years ago

6 0

<span>Allocation of resources</span>

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