How will firms solve the problem of an economic surplus ?

1 answer:

4 0

<span>This is about how the market system and the command economy try to cope with the economic scarcity. In the market system, producer produces goods that the market demanded with the resources owned by the producer without the intervention of the government. Whereas in the command economy, the government owned all the resources, make choice on allocating the resources to produce a product and also decide on how to distribute the product</span>

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One of the main characteristics of government share is that day

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Population—Must have people; number does not matter

Sovereignty—Must have supreme power to act within its territory and to

control its external affairs

Government—issues and enforces rules for the people living within its

territory; government must be recognized from within and by other nation

states in the international community

Territory—Must have clearly defined and recognized borders

Explanation:

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