SSC
GENERAL ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Households and economies have each of the following in common EXCEPT both
|
|
must allocate scarce resources.
|
|
|
face many decisions.
|
|
|
must allocate the goods and services they produce.
|
|
|
must have a central decision-maker.
|
Explanation:
Detailed explanation-1: -A market economy is where the settlement of goods and services is guided by the communication between the organizations and people. Scarce resources in the economic system are limited in supply, so this government decides who will get it.
There is 1 question to complete.