Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
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The correct answer is A. luxuries
There are two categories, needs and wants. Needs are essential items that we need to survive. Wants are things that we want and are often called luxuries. You don't need them to live but you want to have them and it's useful sometimes to have them.
Answer:
Rehabilitation
Explanation:
Rehabilitation is the process of helping a person suffering from an illness or injury recover lost abilities and thereby regain full self-sufficiency, it is a treatment that will assist you get back, regain, or develop the skills you need in everyday life.
The purpose of rehabilitation is to return a patient back to a normal, healthy condition, whether it is following an illness, injury, surgery or certain disorders.
The term rehabilitation is defined as the attempt to correct the personality and behavior of convicted offenders through educational, vocational, or therapeutic treatment and to return them to society as law-abiding citizens.
Answer:
In the Middle Colonies, farming was more important because soil was more fertile.
Explanation:
Middle Colonies were located in a region of fertile land and with a favorable climate for agriculture, which made these colonies invest in planting crops, mainly grains that were produced on a large scale. It was not possible to establish an equal production in the colonies of New England, because these colonies did not have fertile soil, but they were apt for fishing and maritime activities.
