What to produce in any society is determined by the?

a

expenditure of the people on different commodities

b

competition among the different producers

c

competition among the different consumers

d

supply and demand in the factor markets

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Explanation

Correct Option
d

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Discussions (2)

daomigreat
4 months ago

The way to tackle this kind of wicked question 😢 is just to pick out the facts. The question says what is the determinant to what to produce in a society. The next thing is to identify what determines what to produce in a society which is the economic system. And as we know there are three forms of economic systems. And if we look closely we find out that there is only one economic system embedded in these options which option D and the form of economic system is _________________________________________________________________________________________________________________________________________________________________________________________if you are done scrolling through then you deserve the answer which is CAPITAL MARKET

Gilbert Ogechukwu
11 years ago

Just a lie

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