Decisions&Examples for allocation ressources 0.0 / 5 ? EconomicsResource Allocation decisionsIGCSECIE Created by: lfcd.2020Created on: 05-02-20 14:54 What resources will be used to produce goods and services Type of energy (nuclear, coal, wind, solar) to use in power industry and homes 1 of 9 How the resources will be used Whether energy supplies will be available for industrial production, in factories or for private use (in homes) 2 of 9 Who decides how the resources will be used Whether government-owned or private business will generate energy 3 of 9 Who benefits from the use of the resources Whether the energy resources are available for just a few people or for all 4 of 9 Mixed Economy with little government intervention countries USA, UK, Japan 5 of 9 Mixed Economy with a lot of government intervention countries China, North Korea, Venezuela 6 of 9 Mixed Economy with both government intervention types South Africa 7 of 9 What is mixed economy? Combination of government decision-making and the market 8 of 9 WHW rule for revision What to produce? How to produce? Who to produce for? 9 of 9
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