Lesson 3 Section 2

What to produce, how to produce, and when to produce?

What to produce, how to produce, and for whom to produce?

How to produce, when to produce, and where to produce?

Who to produce for, when to produce, and how to produce?

Because resources are unlimited

Because resources are limited

Because people don't want everything

Because societies don't have the technology

Whether to invest in technology or education

Whether to use land for tourism or agriculture

Whether to produce more cars or more bicycles

Whether to focus on healthcare or infrastructure

The government setting prices for all goods

Individuals choosing to buy or sell property

Equal distribution of goods to everyone

The government providing free healthcare

Maximum waste of resources

Full employment and minimal waste

Equal distribution of wealth

High levels of government intervention

The fair and just distribution of a society's wealth

The rapid growth of an economy

The stability of prices over time

The freedom to make economic decisions

Economic security

Economic growth

Economic stability

Economic equity

High levels of economic freedom

Support for those who cannot provide for themselves

Equal distribution of all goods

Rapid technological innovation

Constant changes in prices

Unpredictable availability of goods

Predictable availability of goods and services

High levels of unemployment

Equal distribution

First come, first served

Distribution according to need

Market-based distribution