Problemas
This type of economic system is most efficient in the use of resources because producers have a strong incentive to produce only the goods that consumers want to purchase. Choose Communism Socialism Capitalism Traditional s and traditions determine what is 5 point 5 poin
Roztwór
Miguel
élite · Tutor durante 8 años
3.1
(238 Votos)
Respuesta
The correct answer is 'Capitalism'.
Explicación
## Step 1The question is asking us to identify the economic system that is most efficient in the use of resources because producers have a strong incentive to produce only the goods that consumers want to purchase. ## Step 2In a capitalist economic system, the production of goods and services is determined by the market demand. This means that producers are incentivized to produce goods that consumers want to buy, which leads to efficient use of resources. ## Step 3On the other hand, in a communist or socialist economic system, the production of goods and services is determined by the government, not by the market demand. This can lead to inefficiencies as producers may not be incentivized to produce goods that consumers want to buy.## Step 4In a traditional economic system, the production of goods and services is determined by customs and traditions, not by the market demand. This can also lead to inefficiencies as producers may not be incentivized to produce goods that consumers want to buy.