The way that a society uses to allocate resources to satisfy human wants is called
A) an economic system.
B) an assumption.
C) realism.
D) a physical science.

Question

Quizplus · Accepted Answer

The term that describes the way a society determines how to allocate resources is called an economic system. This includes the methods used to produce, distribute, and consume goods and services to satisfy human wants and needs. An economic system can be based on various principles, such as free market capitalism, socialism, or communism.

The Way That a Society Uses to Allocate Resources to Satisfy