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Based on economic theory, if a person wants to purchase a large stereo system, what must necessarily occur?

2 Answers

5 votes
Allocation of resources
User GAYTH BACCARI
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Answer:

A whole economy can be judged just like an individual, based on the way how resources are allocated, or more simply how money (the representation of value, work and energy) as a resource is spent, with a resource being whatever is used to produce and obtain goods and services. Thus allocation of resources must occur so that person can buy that stereo ystem.

Step-by-step explanation:

User Ben Soyka
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