In most societies, resources are allocated by
A)a single central planner.
B)a small number of central planners.
C)those firms that use resources to provide goods and services.
D)the combined actions of millions of households and firms.

Question

Quizplus · Accepted Answer

In most societies, resources are allocated through the market mechanism, where the combined actions of millions of households and firms determine how resources are distributed. This decentralized approach contrasts with central planning, where decisions are made by a single entity or a small group.

In Most Societies, Resources Are Allocated by