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By what methods are your household's scarce resources allocated? identify those allocated by market price; by command; by first-come, first-served; and by equal shares. are any resources allocated by majority
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Dec 28, 2018
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By what methods are your household's scarce resources allocated? identify those allocated by market price; by command; by first-come, first-served; and by equal shares. are any resources allocated by majority vote?
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A household's scarce resources are likely divided by needs first, and then by wants. So, bills and food would be at the top of the list, and things that are wanted but not needed would be at the bottom.
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