Question

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

Answer 1

Answer:

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

Explanation:

Answer 2

Allocation of resources