Question

what is resource allocation in a capitalist economy​

Answer 1

Explanation:

Resources Allocation in Capitalist and Socialist Systems Like Russia and the USA. ... An economic system is characterized as all the institutional means through which resources are used to satisfy human wants. By institutions, it is meant the laws of the nation, but also the habits, ethics and customs of its society. HOPE ITS HELPFUL. PLZ FOLLOW ME . THANKYOU.

Answer 2

A capitalist economy relies on free-markets to determine, price, incomes, wealth and distribution of goods. A socialist economic system is characterised by greater government intervention to re-allocate resources in a more egalitarian way. There are also different aims of the economic systems.