Imagine that you are in your classroom with 30 other students and your professor places in front of you something you all want, such as milk tea and asks how each person living in these economic systems would decide who should get it.

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter1: What Is Economics
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Activity 2 : Significance of Economic Systems

Imagine that you are in your classroom with 30 other students and your professor places in front of you something you all want, such as milk tea and asks how each person living in these economic systems would decide who should get it.

PLEASE EXPLAIN HOW IT SHOULD GO ABOUT.

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