Posted: January 23rd, 2016

. Which one of the three processes determined that there was a need for the item to be produced?

Your text (p.7) describes three processes for determining what gets produced in an economy, the method of producing each item, and who receives each produced item. Choose a product or service that you are familiar with. Which one of the three processes determined that there was a need for the item to be produced? Which process determined the production method? Which process determined who would receive the item(s)? Explain.