Question

Which economic system uses its resources most efficiently to meet the needs of its citizens?

Answer 1

Answer:

a capitalist economy is considered to use it resources efficiently to meet the need of its citizens

Explanation:

as in a capitalist economy we receive the answer for the three basic and major questions in an economy that are what to produce, whom to produce and how to produce.many individual decisions about what to buy and what to sell in the public marketplace. Buyers express their preference for certain goods and services, thereby influencing what is produced. The means of production are privately owned by sellers, who try to produce things as cheaply and efficiently as possible in order to make a profit (meaning that they sell an item for more than it cost to produce). basically a capitalist economy is founded on the idea that the good of the whole society depends upon freedom of choice, competition, and the right of every individual to pursue private wealth. example of one such capitalist economy country is the USA.

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