The Three Primary Systems for Allocating Resources Are

question 128

Multiple Choice

The three primary systems for allocating resources are

• A) tradition,command,and central planning
• B) tradition,central planning,and communal
• C) command,market,and socialism
• D) tradition,command,and market
• E) communal,command,and capitalism

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Definitions:

Transactions

The actions conducted between parties to buy, sell, or exchange goods, services, or financial instruments, typically recorded and mediated through various means.

Digital Communication

The transmission of information using digital technologies and media platforms, such as email, social media, and mobile applications.