ECON 312 Economic Systems

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ECON 312 Economic Systems
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes &…

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ECON 312 Economic Systems

ECON 312 Economic Systems

Discussions Week 1 All Students Posts 47 Pages 

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use?

Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?