Select the correct answer.
Which factor determines who a society will produce goods and services for?
A. the economic system in the society
B. the available resources in the society
C. the population of the society
D. the external sector of the society
Answer (2)
The economic system in a society is the key factor that determines who will receive the goods and services produced. Different systems, such as capitalism, socialism, and traditional economies, have their own rules for production and distribution. Therefore, the choice of economic system significantly shapes consumption patterns within any society.
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The factor that determines who a society will produce goods and services for is the economic system in the society. Each type of economic system—capitalism, socialism, or traditional economies—creates different rules for production and distribution. Consequently, this factor fundamentally shapes the consumption patterns of goods and services. ;
