based on the lesson, how are individuals and economies similar? they both must decide how to allocate resources. they both must carefully categorize available resources. they both must recognize the issues with nonrenewable resources. they both must choose whether to use more renewable resources.
Answers
The answer is here with you. So based on the lesson, the individuals and economies similar in the following ways;
- They both must decide how to allocate resources.
- They both must carefully categorize available resources.
-They both must recognize the issues with nonrenewable resources.
- They both must choose whether to use more renewable resources.
Though economies and individuals are fallen into different category according to the economics when the former is the subject of macroeconomics on the other hand the later is considered as a subject of microeconomics but they have a few things in common, like they both need to classify their resources, they need to allocate the available resources properly, they also have to consider whether they need to use which renewable source of energy and locate the issues with the renewable energy at their disposal.