Explain the Market System.

Review Lesson 3

Directons: Answer each of the questions below.

1. Use a real-life example to describe the following allocation methods. Hint: Use family, friends, teams, church, and/or clubs for examples.

  • Brute Force
  • Market
  • Queuing
  • Random Selection
  • Tradition
  • Equal Shares
  • Need
  • Planned

2. Explain the Market System. Give an in-depth example of a Market System.

3. Explain the Planned System. Give an in-depth example of a Planned System.

4. Which allocation system do you think is the most productive or the fairest? Explain.

5. Compare and contrast the Market System and the Planned System.

answer these questions and type them on microsoft word…. i will payyyyy no more than 230$ and you have to give me the answers before i payyyyyy ok…i will do no down payyyyyy ments until i get the answers