Black Friday has become an American tradition that signals the start of the holiday shopping season.This event provides special sales for consumers and is an example of _______________ system resource allocation.

Question

Quizplus · Accepted Answer

The Black Friday event is an example of market resource allocation, as it allows businesses to offer discounted prices to attract consumers, and consumers to decide which products to purchase based on their own preferences and budget. It is not an example of command or socialist resource allocation, as the government does not dictate the prices or products that should be offered. While it is part of a capitalist economic system, the specific example is market resource allocation.

Black Friday Has Become an American Tradition That Signals the Start