Solution-Process determined the production method

Process determined the production method

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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.

Reference no: EM13948768

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Process determined the production method

Reference no: EM13948768

Reference no: EM13948768

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