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Shtirlitz [24]
3 years ago
5

The economic system in which individuals and families own all of the scarce resources used in​ production, decide how and what t

o​ produce, and how many products to​ produce, is best described as a price system.True / False.
Social Studies
1 answer:
Shtirlitz [24]3 years ago
8 0

Answer:

True

Explanation:

<u>Price system in economics, is component of the economic system which uses the prices that are expressed in any form of the money for valuation and the distribution of the goods and the services and factors of the production.</u> All modern societies use the price systems to allocate the resources except for the possible remote and the primitive communities.

Price system can be either the fixed price system in which the prices are administered by the government organization, or it may be the free price system where the prices are determined by the supply and the demand uninhibited by the regulations.

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elixir [45]

Answer and explanation:

Among the battles mentioned in this task, it's clear that in the cases of Captain America vs Iron Man and Batman vs Superman, we're facing conflicts of interests where  one part of the team agreed on some specific measure while the other party was not and there was no way to reach a peaceful resolution.

I can think of two historical events in order to put up an example for that situation:

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