Economic systems

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes &

Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to

make them and offer them for sale? How did the producers decide on the best combinations of resources

to use? Who made those resources available, and why? How does the market determine who will get the

goods and services? Who decides whether these particular products should continue to be produced and

offered for sale? How do these decisions differ between capitalist and socialist systems?

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