Answered

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Societies make decisions about what goods should be produced by:

A. giving citizens unlimited resources to fulfill their wants.
B. reducing the total factors of production needed to make goods.
C. organizing limited resources to meet citizens' wants and needs.
D. guaranteeing that all entrepreneurs make a profit.

Sagot :

GinnyAnswer

Final answer:

Societies decide what to produce by organizing limited resources to meet citizens' needs, utilizing the division and specialization of labor for efficient production, and relying on consumer preferences in a capitalist economy.


Explanation:

Societies make decisions about what goods should be produced by organizing limited resources to meet citizens' wants and needs. This involves considering trade-offs, such as prioritizing between education and healthcare or preserving wilderness areas over other land uses.

The division and specialization of labor, as proposed by Adam Smith, plays a crucial role in determining how goods and services are produced. It allows for efficiency and expertise in production processes.

In a capitalist or free market economy, individuals express their preferences as consumers, influencing what goods and services are produced based on their purchases and the prices in the market.


Learn more about Resource allocation in societies here:

https://brainly.com/question/4541695


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