resurssienjakoon
Resurssienjakoon refers to the process of allocating scarce resources among competing demands. In economics, it is a fundamental concept that addresses how societies decide what to produce, how to produce it, and for whom to produce it. Because resources such as land, labor, and capital are limited, choices must be made about their use. This allocation can occur through various mechanisms, including market-based systems, central planning, or a combination of both.
In a market economy, prices act as signals to guide resource allocation. Consumers' preferences, expressed through
Conversely, centrally planned economies involve a governing authority making decisions about resource allocation. The state determines