Who makes decisions about how to allocate resources?

Question

Quizplus · Accepted Answer

All three groups have a role in making decisions about resource allocation. Individuals make decisions about how to allocate their own personal resources, such as time and money. Businesses make decisions about how to allocate resources within the company in order to maximize profits. Governments make decisions about how to allocate resources at a larger scale, such as through taxation, subsidies, and public spending. Therefore, all three groups have a significant impact on resource allocation.

Who Makes Decisions About How to Allocate Resources